Inflation ( CCPI)0.9% (May 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.39%
12M T-Bill Rate9.90%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.10% / 11.25%
USD/LKR304/305
Reserves $5.4Bn (May 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Money printing has been slowdown in 2023

Bank & FinanceFeb 14, 2023
Money printing has been slowdown in 2023

CBSL succeeded in reducing money printing, especially in 2023. During the last few auctions, CBSL was not successful in phase-I, but they were able to rise funds in the second phase to keep the existing money printing under control.

Money printing has been slowed down in 2023. This is one condition to secure the IMF rescue package. Media reported that the government has given green light for new monetary act enabling reducing money print.

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