Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

CBSL eased off the overnight negative liquidity in the capital market

Bank & FinanceNov 17, 2022
CBSL eased off the overnight negative liquidity in the capital market

Overnight liquidity is where financial institutions borrow and lend only for one day. Banks & PDs allowed to borrow and lend to CBSL O/N basis to manage their daily cash flow. Banks were used to borrowing a little less than LKR 700Bn from CBSL in Oct on daily basis, which has fallen to less than LKR 500Bn in the last two days.

This is partly because CBSL offers term money ( more than one day) and massive money printing.

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