Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate8.76%
12M T-Bill Rate9.29%
2Y T-Bond Rate10.00%/ 10.05%
4Y T-Bond Rate10.70% / 10.80%
Reserves $5.438Bn (April 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

T-bill rate fell sizably as CBSL's warned over administrative action to bring down the interest rate

Interest RatesNov 30, 2022
T-bill rate fell sizably as CBSL's warned over administrative action to bring down the interest rate

T-bill rate fell at the primary auction today 91 days from 32.92% to 32.91%, 182 days from 32.45% to 32.27%, and 364 days from 29.52% to 29.46%. But a large quantum of the funds was raised from 91 days maturity which increases the rolling over risk.

CBSL managed to raise a target LKR 80Bn from the auction leaving out the money printing requirement.


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