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)

Sri Lanka cuts its the benchmarked rates by 2.00%

Interest RatesJul 6, 2023
Sri Lanka cuts its the benchmarked rates by 2.00%

The faster-than-envisaged disinflation process, easing pressures in the financial markets after the announcement of DDR along with the economy recovering gradually towards late 2023 allowed CBSL to cut policy rates in order to support the economy further to recover.

It was further, revealed if the passthrough of expected development is deemed to be inadequate and sluggish, the Central Bank will consider taking appropriate administrative measures to ensure the timely and adequate passthrough of accommodative monetary policy.

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