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)

Shorter and longer-end of the GSec. Yield curve is adjusting gradually

Interest RatesAug 11, 2023
Shorter and longer-end of the GSec. Yield curve is adjusting gradually

Still, the Sri Lanka GSec. the yield curve is downward sloping, suggesting near-term economic contraction to continue. But the adjustment is gradually taking place as T-Bill rates and T-Bond rates (short-term & long-term) rates are declining ahead of month-end monetary policy.

CBSL has indicated the easing monetary policy to continue in an aggressive mode.

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