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)

Expectations increasingly drive inflation dynamics - IMF

InternationalJan 7, 2024
Expectations increasingly drive inflation dynamics - IMF

Inflation around the world reached multi-decade highest in last year. Expectations on future inflation play a key role in driving the inflation figure. These views would influence the decisions on consumption patters and investments. Furthermore these factors could affect prices and wages today.

CBSL has set a 5% inflation target with +/- 2.5% variation. Public believe that the inflation figure has bottomed up Many expect the increase of the tax rates would push the inflation up further in 2024.

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