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)

Foreign holdings of government securities fell slightly

Interest RatesAug 7, 2023
Foreign holdings of government securities fell slightly

Attractive interest rates and possible asset appreciation have motivated foreigners to invest in Sri Lanka LKR-denominated debt papers offered by the SL government. The growth of the investment has been stalled but they are holding in to it. The stable currency would allow them to keep it as it is for the long run.

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