Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Majority expect benchmarked interest rates will remain unchanged at policy meeting tomorrow

Opinion pollsApr 3, 2023
Majority expect benchmarked interest rates will remain unchanged at policy meeting tomorrow

The regular poll conducted by revealed that 57% of the general public and 72% of the market participants expects benchmarked interest rates will remain unchanged. Meantime, general public expect further reduction of interest rates in line with the secondary market rate decline in T-Bills and AWPR.

CBSL increased the rate at the last monetary policy meeting as a response to the IMF request based on the inflation expectation. Inflation held up at end of March due to non-food inflation, but it is expected to fall in April due to base effect and price adjustment due to fuel price adjustment.


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