Inflation ( CCPI)-0.8% (Oct 2024)
GDP4.7% (2Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.30%
12M T-Bill Rate9.78%
2Y T-Bond Rate10.25%/ 10.35%
4Y T-Bond Rate11.20% / 11.30%
USD/LKR290/291
Reserves $6.47Bn (Oct 2024)
Cum. Trade Deficit $4,218 Mn (Sep 2024 cumulative)
Cum. Fiscal DeficitLKR 910Bn (Aug 2024 cumulative)

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.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.