Inflation ( CCPI)54.2% (Jan 2023)
GDP-11.8% (3Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate29.91%
12M T-Bill Rate27.72%
5Y T-Bond Rate29.00%
10Y T-Bond Rate30%
USD/LKR360/363
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Reserves $1.89Bn (Dec 2022)
Cum. Trade Deficit $5.2Bn (Dec 2022)
Cum. Fiscal DeficitLKR 1,647Bn (Oct 2022)

CBSL turned to net seller of FX again in October

Exchange RateNov 12, 2022
CBSL turned to net seller of FX again in October
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CBSL used to manage the USD/LKR by buying and selling the FX with Commercial Banks. Net purchase of the FX by CBSL would boost the much-needed FX international reserves to stabilize the exchange rate for the country.

SL had spent a sizable amount to defend the unsustainable exchange rate in the past

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