Inflation ( CCPI)0.9% (May 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.39%
12M T-Bill Rate9.90%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.10% / 11.25%
USD/LKR304/305
Reserves $5.4Bn (May 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

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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