Inflation ( CCPI)4.0% (Aug 2023)
GDP-3.1% (2Q 2023)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate18.12%
12M T-Bill Rate13.32%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
USD/LKR322/323
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Yields fell further at primary T-bill auction

Interest RatesJun 14, 2023
Yields fell further at primary T-bill auction

364Day T-bill rate fell by almost 1% and 182Day fell by 1.50% at the primary auction today. CBSL managed to sell LKR 180Bn, which is the target amount for this auction. The the bidding pattern at today’s auction hints that further monetary easing is expected by the investors.

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