The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to if you face any technical difficulties when posting
Display results as :
Advanced Search
Latest topics
Coronavirus UpdatesTue Sep 22, 2020 1:31 pmThe Invisible
CSE Daylight Robbery !Mon Sep 21, 2020 9:54 pmYin-Yang
Trading Journal Tue Sep 15, 2020 10:37 pmThe Invisible
AEL Access EngineeringTue Sep 15, 2020 7:24 pmsmallville
CFVF - First CapitalWed Sep 09, 2020 9:42 pmWonderer
DIPD.N0000 (Dipped Products PLC)Mon Sep 07, 2020 8:47 amBeta
Plantation Sector UpdatesMon Aug 24, 2020 10:00 amserene
අනං මනං! #/+?.<>Tue Aug 18, 2020 11:15 pmYin-Yang
Dividend AnnouncementsMon Aug 17, 2020 1:27 pmRana
Ceylon Tobacco CTCSun Aug 16, 2020 5:11 pmThe Invisible
Sunshine HoldingsFri Aug 14, 2020 9:39 pmThe Invisible
HAYC - HaycarbFri Aug 14, 2020 10:15 amBeta
Tokyo CementThu Aug 13, 2020 11:45 pmThe Invisible
LOLC HoldingsWed Aug 12, 2020 3:52 pmThe Invisible
SLTL.NWed Aug 12, 2020 11:06 amThe Invisible
Gota's EraTue Aug 04, 2020 8:49 amyellow knife

Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
Top contributor
Top contributor
Posts : 3775
Join date : 2014-02-24

Confidence to boom after election – CBSL Governor Empty Confidence to boom after election – CBSL Governor

on Fri Oct 11, 2019 4:09 pm

Confidence to boom after election – CBSL Governor

October, 11, 2019

Central Bank Governor Dr. Indrajit Coomaraswamy is optimistic that the consumer confidence and sentiment level will gradually pick up after the election.

Speaking further governor defended the monetary authority’s decision to impose caps on interest lending rates, insisting that it was an effort aimed at giving a strong boost to the economy to grow once the election cycle was over.

“Since the time that the deposit rate caps were introduced at the end of April. We have seen the average rated new deposit rates come down by 284 basis points. In that same period the average rated lending rate has come down by 87 basis points. Now of course banks can’t immediately pass on the new deposit rates because the stock of deposits that were in existence at the end of April take time to mature. Which why in the direction issued by the Central Bank to banks to bring down lending rate caps gives some time to bring these rates down gradually,” he said whilst addressing the media at the Central Bank today (11).

“So what we are saying is basically to pass on the reduction in the deposit rates that were generated by the imposition of the deposit cap to pass the loan to the bank customers and in an ideal world after the elections when confidence and sentiment will pick up, we will have a lending rate structure which can boost growth,” Governor added.
Back to top
Permissions in this forum:
You cannot reply to topics in this forum