Inflation ( CCPI)-2.1% (Nov 2024)
GDP4.7% (2Q 2024)
Unemployment4.5% (1Q 2024)
3M T-Bill Rate8.69%
12M T-Bill Rate9.07%
2Y T-Bond Rate9.40%/ 9.50%
4Y T-Bond Rate10.55% / 10.65%
USD/LKR290/291
Reserves $6.46Bn (Nov 2024)
Cum. Trade Deficit $4,762 Mn (Oct 2024 cumulative)
Cum. Fiscal DeficitLKR 970Bn (Sep 2024 cumulative)

Opinion polls

FeaturedNov 26, 2024

Over 60% expects a policy rate cut at least by 0.50% tomorrow

Deflation, enough LKR liquidity and the improved fiscal status of the government pushed to expect a “rate cut” at the monetary policy meeting tomorrow. Most of the obstacles that prevailed for the economy to recover back to the pre-crisis level seem easing off. Looks like many expect that CBSL would cut the interest rates to boost private credit and stimulate the economy further.

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