Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Improved overnight liquidity pulls down the T-Bill rates

Interest RatesJan 11, 2023
Improved overnight liquidity pulls down the T-Bill rates

CBSL, in an aggressive mode, injected more money via the term Rev Repo auction into the money market in recent days. That resulted in a steep decline in 91Days T-Bill rate from 32.64% at end of 2022 to 31.15% within two weeks. CBSL had warned the market that the current interest rate required adjustment.

CBSL still borrowing very short-term basis (91 days) and market demand is three times higher than the CBSL offered volume while market demand for 364 days is a little lower 2 times.


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