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)

Interest rates fell across all the T-bill maturities at the first auction after the completion of restructuring superannuation funds

Interest RatesSep 13, 2023
Interest rates fell across all the T-bill maturities at the first auction after the completion of restructuring superannuation funds

CBSL announced the completion of restructuring the superannuation funds as a part of DDR. There was some doubt about the completion of the DDR due to the public agitation over restructuring EPF, which held up the downward trend of the interest rate.

Despite the rate decline in the primary market being marginal, it suggests the risk premium over DDR is expected to eases-off further in time to come.

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