Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

Interest rate in Primary Market fell as CBSL sold LKR 65Bn T-bills successfully

Interest RatesSep 21, 2022
Interest rate in Primary Market fell as CBSL sold LKR 65Bn T-bills successfully
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The T-Bill rates fell across all the maturities 91Days from 32.71% to 31.95%, 182days 30.82% to 30.62%, 364Days from 30.26% to 29.87% at the primary auction held today. But 85% of the borrowings came from 91Days and less than LKR 10 Bn was accepted for the other two maturities.

This leaves CBSL’s borrowing ladder much exposed to the short term.


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