Inflation ( CCPI)54.2% (Jan 2023)
GDP-11.8% (3Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate29.88%
12M T-Bill Rate27.72%
5Y T-Bond Rate29.00%
10Y T-Bond Rate30%
USD/LKR360/363
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Reserves $2.12Bn (Jan 2023)
Cum. Trade Deficit $5.2Bn (Dec 2022)
Cum. Fiscal DeficitLKR 1,647Bn (Oct 2022)

CBSL defending the interest rates while borrowing very short term

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