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%
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

T-Bill rate fell marginally across all the maturities while CBSL raised LKR 180Bn

Interest RatesAug 9, 2023
T-Bill rate fell marginally across all the maturities while CBSL raised LKR 180Bn

CBSL announced the SRR cut after accepting the bids for the T-Bill auction. CBSL managed to sell a total target amount of LKR 180Bn, while rates fell across all the maturities. Since market maturities of T-Bills are increasing, the amount of bids received at the auction has surpassed LKR 300Bn.

CBSL SRR cut is expected to food the domestic capital market by LKR 200Bn, which would pull the interest rate down further.


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