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)

Effectiveness of the Monetary tightness is for longer term than short term

Bank & FinanceMar 4, 2023
Effectiveness of the Monetary tightness is for longer term  than short term
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According to Reliance Capital Research; the surprised monetary tightness of 1% by CBSL yesterday would have a less immediate impact on the economy in short term but achieve multiple objectives in the longer term.

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