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Confidence to boom after election – CBSL Governor EmptyToday at 1:45 pm by NIRMALSG

» ප්‍රතිඵලේ මොකක් උනත් ජ්යෝතිෂය සත්‍ය වෙන හැටි දැක්කද?
Confidence to boom after election – CBSL Governor EmptyToday at 9:15 am by ruwan326

» Technology~විද්‍යාව ~ Wisdom
Confidence to boom after election – CBSL Governor EmptyYesterday at 7:14 am by ruwan326

» ඇයි අප්සට් ද?
Confidence to boom after election – CBSL Governor EmptySat Nov 16, 2019 4:57 pm by chutiputha

» ගෝඨාට ඉල්ලන්න බෑලු
Confidence to boom after election – CBSL Governor EmptySat Nov 16, 2019 7:18 am by ruwan326

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Confidence to boom after election – CBSL Governor EmptyFri Nov 15, 2019 1:54 pm by nihal123

» Puolanka The most pessimistic town
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» අනං මනං! #/+?.<>
Confidence to boom after election – CBSL Governor EmptyMon Nov 11, 2019 12:38 pm by nihal123

» Thread for News on CSE and SL Economy
Confidence to boom after election – CBSL Governor EmptyMon Nov 11, 2019 10:51 am by ruwan326

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Confidence to boom after election – CBSL Governor EmptySun Nov 10, 2019 7:37 pm by ruwan326

» What's 5G?
Confidence to boom after election – CBSL Governor EmptySat Nov 09, 2019 3:14 pm by Afourer

» ACL කේබල්ස් ට රුපියල් මිලියන 789 ක ඒරියල් බන්ඩල් සන්නායක කොන්ත්‍රාත්තුවක්
Confidence to boom after election – CBSL Governor EmptySat Nov 09, 2019 7:50 am by කිත්සිරි ද සිල්වා

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Confidence to boom after election – CBSL Governor EmptySat Nov 09, 2019 3:05 am by Rana

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Confidence to boom after election – CBSL Governor EmptyFri Nov 08, 2019 8:36 pm by hammurabi

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» Thought for the day...
Confidence to boom after election – CBSL Governor EmptyWed Nov 06, 2019 10:24 am by ruwan326

» මෑතකාලීන ආර්ථික ප්‍රවණතා: 2019 සුවිශේෂ සිදුවීම් සහ 2020 අපේක්ෂාවන්
Confidence to boom after election – CBSL Governor EmptyTue Nov 05, 2019 1:22 pm by nihal123

» DIPD.N0000 (Dipped Products)
Confidence to boom after election – CBSL Governor EmptySun Nov 03, 2019 9:13 pm by spw19721

» IMF approves disbursement of USD 164 million for Sri Lanka
Confidence to boom after election – CBSL Governor EmptySun Nov 03, 2019 6:50 pm by Backstage

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Confidence to boom after election – CBSL Governor EmptySun Oct 27, 2019 6:48 pm by serene

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Confidence to boom after election – CBSL Governor EmptyFri Oct 25, 2019 9:31 pm by ruwan326

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Confidence to boom after election – CBSL Governor EmptyFri Oct 25, 2019 8:26 am by yellow knife

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Confidence to boom after election – CBSL Governor EmptyWed Oct 23, 2019 11:09 am by nihal123

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Confidence to boom after election – CBSL Governor EmptyMon Oct 21, 2019 7:54 am by කිත්සිරි ද සිල්වා

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Confidence to boom after election – CBSL Governor EmptyFri Oct 18, 2019 10:15 pm by Backstage

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Confidence to boom after election – CBSL Governor EmptySat Oct 12, 2019 4:29 am by ruwan326

» Confidence to boom after election – CBSL Governor
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Confidence to boom after election – CBSL Governor EmptyFri Oct 04, 2019 11:55 am by nuwanmja

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Confidence to boom after election – CBSL Governor EmptyTue Oct 01, 2019 1:29 pm by nihal123

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Confidence to boom after election – CBSL Governor EmptyThu Sep 26, 2019 5:05 pm by mymoney

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» Films - To Watch List
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Confidence to boom after election – CBSL Governor EmptyThu Sep 19, 2019 4:33 pm by nuwanmja

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Confidence to boom after election – CBSL Governor

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

Post by Backstage 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.

http://bizenglish.adaderana.lk/confidence-to-boom-after-election-cbsl-governor/
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