Inflation ( CCPI)25.2% (May 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.65%
12M T-Bill Rate22.91%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

An Average interest rate that banks lend to their key customers reached 30%

Interest RatesOct 22, 2022
An Average interest rate that banks lend to their key customers reached 30%
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The bank’s lending rates are soaring along with the Treasury Bill rates. The T-Bill rate represents the government borrowing rate, which is the biggest single borrower in the market. Funds available within the banking sector have declined substantially.

The rentals from advancers ( loan portfolio) have deteriorated due to NPL, money moving to T-Bills, and the decline of the value of the current assets of the banks to pledge and borrow have pushed the cost of borrowing of the bank in return their lending rate has jumped.


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