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%
USD/LKR335/341
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Reserves $2.22Bn (Feb 2023)
Cum. Trade Deficit $449Mn (Feb 2023)
Cum. Fiscal DeficitLKR 1,601Bn (Nov 2022)

Mixed Signals from Public on the next move of LKR

Opinion pollsMar 4, 2023
Mixed Signals from Public on the next move of LKR
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Sri Lanka Rupee advanced from 361 to 335 over time. CBSL allowed its middle rate to fall from 361 (28th Feb) to 358, 353 (1st & 2 March) and spread the band from 5.00 to 7.5 and later to 10.00.

As per the poll carried out last night, it is witnessed that 65% of the public expects USD/LKR to be between 300 to 340.

About 38% of the general public as well as capital market participants expect it to be settled between 300 to 320 by end of March.

16% believe it will fall below 300 and 19% expect it to bounce back to about 340.

More interestingly a less percentage (5%) of capital market participants expect Rupee will gain beyond Rs. 300.

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