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)

T-Bill rates took a reverse turn and jumped across all the maturities

Interest RatesJul 12, 2023
T-Bill rates took a reverse turn and jumped across all the maturities

T-Bill rates took a reverse turn and went up across all the maturities. CBSL was eyeing collecting funds to settle close to LKR 200Bn principal maturity of Bond and coupon maturities next Monday, out of which only LKR 100Bn is been put for auction by CBSL debt department.

At today’s bill auction, CBSL only managed to raise LKR 99.6Bn, where they auctioned LKR 160Bn.

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