Sri Lanka’s 12-month Treasury bill rate has fallen to 359 basis points so far this year to its historic low of 4.86 percent at Wednesday’s auction, central bank data showed, amidst a raft of measures to boost credit in a low-interest-rate environment to fuel the faltered economy grappled with the coronavirus pandemic.
The government debt department sold 12-month bills at 4.86 percent, 5 basis points below last week's auction while the 6-month bills were sold at 4.69 percent 6 basis points below last week and 3-month bills were sold at 4.60 percent, down 5 basis points.
The three month and six months treasury bill rates fell below the June national inflation rate which was recorded at 6.3 percent.
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