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)

CBSL balance sheet improve further in June

IMF & Sri LankaAug 3, 2023
CBSL balance sheet improve further in June

Under the DDR/DDO, the government has proposed to restructure the T-Bill held by Central Bank. It is expected to restructure close to LKR 2.7 trillion Face value T-Bills without any haircut but reduce the interest rate. This will reverse the interest income accrued by CBSL from around 26% to 7% - 6% resulting in a loss for CBSL.

CBSL is yet to disclose the DDR/DDO impact on CBSL balance sheet.

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