Inflation ( CCPI)-2.1% (Nov 2024)
GDP4.7% (2Q 2024)
Unemployment4.5% (1Q 2024)
3M T-Bill Rate8.73%
12M T-Bill Rate9.08%
2Y T-Bond Rate9.40%/ 9.50%
4Y T-Bond Rate10.55% / 10.65%
USD/LKR290/291
Reserves $6.46Bn (Nov 2024)
Cum. Trade Deficit $4,762 Mn (Oct 2024 cumulative)
Cum. Fiscal DeficitLKR 970Bn (Sep 2024 cumulative)

CBSL was unable to raised target funds at the last two primary auctions

Bank & FinanceFeb 24, 2023
CBSL was unable to raised target funds at the last two primary auctions

CBSL was successful in raising funds for the government and to re-financed the existing domestic debts (T-Bills) during the recent past at the primary auctions. CBSL opened phase II and raised sufficient funds, but at the last two auctions, it has changed.

Where CBSL failed to raise target funds even after opening the primary auction for the second phase. The aggressiveness of phase II of the primary auction also has dried out especially in the last two auctions.

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