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%
USD/LKR335/341
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Reserves $2.22Bn (Feb 2023)
Cum. Trade Deficit $449Mn (Feb 2023)
Cum. Fiscal DeficitLKR 1,601Bn (Nov 2022)

CBSL avoid massive money printing as they raised LKR 84Bn at second phase of the auction

Interest RatesFeb 3, 2023
CBSL avoid massive money printing as they raised LKR 84Bn at second phase of the auction
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CBSL failed to raise the targeted LKR 120Bn in the first phase of the Primary Bill action and managed only to sell LKR 45.6Bn. But a mammoth amount of LKR 83.8Bn of bids was received at the second phase which helped CBSL to avoid money printing today.

The announcement of the Paris club on financing assurances for Sri Lanka to obtain the rescue package from the IMF has renewed hope among investors. The news came after the end of the first phase of the primary auction.

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