{"id":144499,"date":"2024-09-27T15:39:57","date_gmt":"2024-09-27T22:39:57","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=144499"},"modified":"2024-09-27T15:39:57","modified_gmt":"2024-09-27T22:39:57","slug":"central-bank-maintains-vehicle-import-decision","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2024\/09\/27\/central-bank-maintains-vehicle-import-decision\/","title":{"rendered":"Central Bank maintains vehicle import decision"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Hiru News<\/em><\/span><\/h2>\n\n\n<p>Central Bank Governor Dr. Nandalal Weerasinghe stated that there will be no change in the decision to import vehicles. Speaking at a Central Bank news conference today, he confirmed that the bank holds sufficient cash reserves. He also announced plans to consolidate the policy interest rates into a single rate this year.<\/p>\n\n\n\n<p>&#8220;We now see strong evidence that the economy will be growing well over 3% but it is too early for us to project a specific number,&#8221; Governor P. Nandalal Weerasinghe said, adding that CBSL will not announce any revision to its 3% GDP forecast for 2024.<\/p>\n\n\n\n<p>However, the government may provide an updated growth view when the budget is presented by the new finance minister, he added.<\/p>\n\n\n\n<p>&#8220;The Board observed that inflation is likely to remain well below the target of 5% over the next few quarters, potentially recording deflation in the immediate future driven by changes to administratively determined prices and easing of supply conditions,&#8221; CBSL said in its statement earlier.<\/p>\n\n\n\n<p>Weerasinghe said inflation could breach the lower end of the inflation target band of 3%-7% for two straight quarters as of end-September, requiring the CBSL to explain the reasons to the government as per law.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Hiru News Central Bank Governor Dr. Nandalal Weerasinghe stated that there will be no change in the decision to import vehicles. Speaking at a Central Bank news conference today, he confirmed that the bank holds sufficient cash reserves. He also announced plans to consolidate the policy interest rates into a single rate this year. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-144499","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/144499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=144499"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/144499\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=144499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=144499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=144499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}