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)

Sri Lanka official reserves up by nearly USD 100Mn by end of February from Jan

Bank & FinanceMar 7, 2023
Sri Lanka official reserves up by nearly USD 100Mn by end of February from Jan
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Sri Lanka experienced improved FX inflows as worker remittances, tourism recovery, and shrunk trade deficit. CBSL has delayed external payments of nearly USD 3Bn for bilateral and ISB holders as at end of 2022. That has helped CBSL to build reserves from the excess FX liquidity in the market.

The monthly average trade deficit was USD 800Mn in 1Q of 2022, which seems to have slashed by half. The average worker remittances were USD 260Mn in 1Q 2022, but in Jan 2023 it turned to be USD 437Mn. Tourism inflow has improved by 3.3%.

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