Inflation ( CCPI)54.2% (Jan 2023)
GDP-11.8% (3Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate29.91%
12M T-Bill Rate27.72%
5Y T-Bond Rate29.00%
10Y T-Bond Rate30%
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Reserves $1.89Bn (Dec 2022)
Cum. Trade Deficit $5.2Bn (Dec 2022)
Cum. Fiscal DeficitLKR 1,647Bn (Oct 2022)

Overnight net liquidity turned to positive after 15 months

Bank & FinanceJan 12, 2023
Overnight net liquidity turned to positive after 15 months
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As the lender of the last resort, CBSL advanced money to banks on daily basis. Since the start of 2023, CBSL has accelerated offering term Rev Repos along with overnight Rev Repo. LKR 450Bn of term Rev Repo facilities have been extended by CBSL as of now.

These actions have eased off the pressure on short-term interest rates and helped to fall the T-bill rates. Despite the overnight liquidity shortfall decline, the overall liquidity shortfall remains high.


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