Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
USD/LKR327/328
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

CBSL defending the interest rates while borrowing very short term

Interest RatesNov 9, 2022
CBSL defending the interest rates while borrowing very short term

The T-bill rate remains almost the same at the primary auction as 91Days moved slightly up to 33.14%, and 182Days remained at 32.53% and 364Days fell to 29.54%. In a bid to control the interest rate at the current level, CBSL is borrowing mainly via 91Days T-Bills, accumulating the rolling-over risk.

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