Inflation ( CCPI)3.4% (Nov 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate14.67%
12M T-Bill Rate12.88%
2Y T-Bond Rate13.95%/ 14.05%
4Y T-Bond Rate14.20% / 14.30%
Reserves $3.58Bn (Nov 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

Net credit to private sector plunged by LKR 108Bn Jan , one of the biggest in single month

Bank & FinanceMar 12, 2023
Net credit to private sector plunged by  LKR 108Bn Jan , one  of the biggest in single month

High borrowing costs, the underperformance of economic activities along with the high level of NPL have further contracted credit to the private sector by LKR 108Bn in January. This is one of the biggest contractions in a single month and the contraction is continued for the eighth consecutive month.

Net credit to the government is being grown close to an amount of LKR 140Bn on average per month for the last eight months.


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