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%
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Reserves $2.22Bn (Feb 2023)
Cum. Trade Deficit $449Mn (Feb 2023)
Cum. Fiscal DeficitLKR 1,601Bn (Nov 2022)

CBSL prints more money to settle Bond interest payments on 1st March 2023

Bank & FinanceMar 2, 2023
CBSL prints more money to settle Bond interest payments on 1st March 2023
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It is one of the key responsibilities of CBSL, to settle interest payments formally known as the “Bond coupons” for bonds which have already issued. There was a coupon payment due on 1st of March. Despite the high demand for government debts by investors, CBSL was unable to sell the required amount at the primary auction phase-1 and 2.

This has resulted printing money to settle those bond-coupons payments which were due on 1st March. CBSL data indicates that LKR 17Bn has been printed on 1st of March 2023.


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