Inflation ( CCPI)1.3% (Sep 2023)
GDP-3.1% (2Q 2023)
Unemployment4.7% (1Q 2023)
3M T-Bill Rate17.42%
12M T-Bill Rate13.30%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Demand for T-Bills immerge once again ahead of CBSL policy meeting

Interest RatesMar 1, 2023
Demand for T-Bills immerge once again ahead of CBSL policy meeting

CBSL was able to successfully raise LKR 85Bn at today’s primary auction while the cost of borrowing continued to decline for the government. The amount of bids received and the subscription at the auction got weakened during the last few auctions but it bounced back at today’s auction.

T-bill yields have fallen by 3.5% for 91 days, 3.8% for 182 days, and 2.9% for 364 days T-Bills from the peak that hit in November last year.


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