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)

The Government's domestic borrowing cost has started to come down

Interest RatesJun 22, 2023
The Government's domestic borrowing cost has started to come down

Domestic debt and its interest component have become a concern to the monetary authorities, which pilled up since the second half of 2022. T-bill auction rates started to fall in November 2022 but overall borrowing costs only started to reduce from May 2023 onwards.

The government had to reissue T-Bills in order to settle the interest component of T-bills which were already issued along with the T-Bonds along with SLDBs settlements.

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