Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Increasing sentiment for monetary easing but majority expect interest rate to be unchanged

Opinion pollsNov 23, 2022
Increasing sentiment for monetary easing but majority expect interest rate to be unchanged

CBSL is expected to announce its VIII monetary policy statement tomorrow. Inflation has started to decline, and credit to the private sector is crumbling. But yet to see any deceleration of government borrowing as external funding sources are limited. Despite the majority (55%) of the public expecting the rates to remain unchanged but 29% expect a monetary easing.

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