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%
USD/LKR360/363
Click on the chart for more details
Reserves $1.89Bn (Dec 2022)
Cum. Trade Deficit $5.2Bn (Dec 2022)
Cum. Fiscal DeficitLKR 1,647Bn (Oct 2022)

After Banks restricted to use SDF, the volume lending to CBSL reduced by LKR 298Mn

Bank & FinanceJan 18, 2023
After Banks restricted to use SDF, the volume lending to CBSL reduced by LKR 298Mn
This story is available exclusively to charts.lk subscribers. Become an member and start reading now.

CBSL restricted banks to lend their excess money to CBSL and expects it to lend to other banks, that are short of funds or to buy the T-Bills from the primary or secondary market. Banks lending over LKR 300Bn to CBSL for the last few weeks have fallen to LKR 27.5Bn today.

Banks lending to CBSL fell by LKR 298Bn today, but the banks borrowing from CBSL did not reduce the same amount. That indicates the banks that are in excess of funds kept the money in the CBSL RTGS account without lending to CBSL or other banks.

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.