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)

Despite interest rates volatility majority of the market participants expect rate cut tomorrow

Opinion pollsAug 23, 2023
Despite interest rates volatility majority of the market participants expect rate cut tomorrow

Despite T-Bill rates turning up and down, the majority (46%) public expects a rate cut at the monetary policy meeting to be announced tomorrow. 35% of the public expect CBSL may wait and see by not changing the CBSL benchmarked rate as they already eased the market by a 2% SRR cut and injected estimated LRK 200 Bn liquidity to the market, last week.

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