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)

T-Bill rates fell by 3% to 5% across all the maturities after DDR risk was eliminated

Interest RatesJul 5, 2023
T-Bill rates fell by 3% to 5% across all the maturities after DDR risk was eliminated

The T-bill rates fell substantially at the first primary auction held today subsequent to the DDR announcement. T-Bill rates started to adjustment since the last month after CBSL reiterated T-Bills held by investors other than CBSL which would be out of restructuring parameters.

The capital market expects further interest rate easing to be declared at the CBSL monetary policy announcement tomorrow as inflation has fallen close to a single digit.

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