Inflation ( CCPI)50.6% (Feb 2023)
GDP-12.4% (4Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate25.99%
12M T-Bill Rate24.31%
5Y T-Bond Rate27.00%/ 27.25%
10Y T-Bond Rate22.00% / 23.00%
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Reserves $2.22Bn (Feb 2023)
Cum. Trade Deficit $449Mn (Feb 2023)
Cum. Fiscal DeficitLKR 1,601Bn (Nov 2022)

CBSL failed to sell the target LKR 120Bn at the primary auction

Interest RatesFeb 1, 2023
CBSL failed to sell the target LKR 120Bn at the primary auction
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Throughout the last several weeks, CBSL successfully sold the required quantities at the primary auctions as the demand drove the prices substantially. Out of the LKR 120Bn auction today, CBSL managed to sell only LKR 45.6Bn where the bids received was LKR 204Bn.

CBSL opens up phase II after phase-I at the auction, which allows anybody to purchase at the weighted average rate. The rates were unchanged for 91 days and 182 days but a fall of six basis points witnessed in 364Days bills. Growing uncertainty of the domestic debt restructuring is creating volatility in the financial market.


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