Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

CBSL prints LKR 33Bn during this week after managed to reduce it in Jan

Bank & FinanceFeb 18, 2023
CBSL prints LKR 33Bn during this week after managed to reduce it in Jan

CBSL managed to reduce the money printing from nearly LKR 2.6 trillion to LKR 2.5 trillion during January. But CBSL printed LKR 33Bn this week as per the request made by Treasury in order to fulfill finance debt service payments, which amounted to LKR 25Bn.

It is not clear the exact purpose that the balance sum was used for. Meanwhile, the government has asked to delay the LG election due to the prevailing financial constraints.

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