Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Majority expect a rate cut of 0 to 2% at the monitory policy statement on 5th

Opinion pollsOct 3, 2023
Majority expect a rate cut of 0 to 2% at the monitory policy statement on 5th

Inflation is fallen to its lowest level of 1.3%, Liquidity is improved, and the AWPR has started to come down as expected. More over economy is required to have a low-interest rate regime to boost bank credits and the government’s borrowing cost is required to come down badly to avoid a second DDR.

The current SDFR is 11% and SLFR 12%.The majority (74%) of the public and people in the banking sector expect a rate cut on 5th and most of them expect it would be between 0% to 2%..

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