Central Bank Governor Confirms No Change in Vehicle Import Decision
Central Bank Governor Confirms No Change in Vehicle Import Decision
Anuradha Indrajith
28-Sep-2024 05:15:41
Central Bank Governor Dr. Nandalal Weerasinghe confirmed at an official press conference, that there will be no change in the decision regarding vehicle imports, emphasizing that the bank holds sufficient cash reserves. He also announced plans to consolidate policy interest rates into a single rate by the end of the year.
Governor Weerasinghe mentioned that the economy is expected to increase by more than 3% in 2024, but it's too early to provide a precise figure. The Central Bank has maintained its 3% GDP growth forecast, with any updates likely to come during the Government's budget presentation.
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