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)

CBSL reduces the Statutory Reserve Ratio (SRR) by 2% injecting LKR 200Bn to market

Interest RatesAug 9, 2023
CBSL reduces the Statutory Reserve Ratio (SRR) by 2% injecting LKR 200Bn to market

SRR ratio has been reduced by 200 basis points, from 4.00% to 2.00%, with effect from the reserve maintenance period commencing 16 August 2023. This reduction in the SRR is expected to release around LKR 200 Bn of liquidity to the domestic money market, which would enable a further downward adjustment in the market lending rates. - CBSL in a Statement

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