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)

Credit Suisse spreads the banking crisis to Europe

InternationalMar 16, 2023
Credit Suisse spreads the banking crisis to Europe
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The banking crisis that began with Silicon Valley Bank’s collapse looked contained, Credit Suisse destabilized the sector. Its shares tanked 24.24% after its largest investor, Saudi National Bank, said it couldn’t provide the Swiss bank with further financial assistance due to regulations- CNBC

Markets across Europe fell sharply — Stoxx 600 lost 2.92% — as banking stocks plunged 7%. BNP Paribas slid 10.11%, Societe Generale dropped 12.18% and Deutsche Bank fell 5.17%. Several bank stocks were even temporarily halted from trading during the day because of their steep losses.


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