Sri Lanka's treasury bill rate drop raises hope for faster economic recovery
COLOMBO, July 5 (Xinhua) -- Sri Lanka's treasury bill auction experienced a drop in the weighted average yield rate on Wednesday, with the borrowing cost to be reduced for the government, supporting economic growth, a state minister said on Wednesday.
State Minister of Finance Shehan Semasinghe said on his Twitter that the rates came down significantly to 17.79 percent from 23.00 percent for 91 days, to 15.93 percent from 19.49 percent for 182 days and to 13.86 percent from 16.99 percent for 364 days.