Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Stocks up by 2.46% after the country moved to easing monetary policy

Stock MarketJun 5, 2023
Stocks up by 2.46% after the country moved to easing monetary policy

ASPI is up by 2.46% since 1st June when CBSL cut the benchmark interest rate by 250 basis points. Daily average turnover has elevated to LKR 928Mn for the first three days of June, which is higher than the turnover observed in May, LKR 666Mn.

The rate cut is expected to affect the return on FD and Treasury Securities in the immediate future.

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