Tag: Central Bank

Dr. Indrajit Coomaraswamy, Why Increasing Credit Card Interest Rates

Why Increasing Credit Card Interest Rates?

Commercial banks increased the annualized interest rate on credit cards up to 32%. This subject was raised by Ada Derana during the monetary policy review press conference of CBSL which was held yesterday (11). Responding to the question, the Governor of the Central Bank Dr. Indrajit Coomaraswamy expressed the following; “You have to separate

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Perpetual Treasuries Limited

CBSL Decides to extend suspension of PTL

Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a period of six months with effect from 4.30 p.m. on 05th July 2019, in order to continue the investigations being conducted by the Central Bank of Sri Lanka. The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Regulations made

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Dr. Indrajit Coomaraswamy

Time to get down to business: CB Chief

As the country returns to normalcy, Central Bank Governor Dr. Indrajit Coomaraswamy was largely optimistic of growth prospects and called for the business community to make the most of the latest changes in policy rates to promote business activity. Yet he acknowledged the monetary authority would revise growth numbers for 2019 after first quarter numbers

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