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)

The steep interest rate fall is on hold for the second week at the primary market

Interest RatesFeb 8, 2023
The steep interest rate fall is on hold for the second week at the primary market
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91days T-Bill rate fell by three basis points to 29.88%, while the rest of the primary rates of 182Days and 364Days remained the same at the auction held today. CBSL was not able to raise the targeted LKR 100Bn at phase-I and managed to raise only LKR 53.6Bn.

Last week phase I auction was undersubscribed at the first attempt, but CBSL managed to fulfill the required amount at phase II of the primary auction. This is the second consecutive week where the 182Days and 364Days T-Bill rates were unchanged after it registering a fall at a steady phase.

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