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Pent-up demand for vehicle imports stabilises - CBSL

Daily FT

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November 27, 2025

CENTRAL Bank (CBSL) Governor Dr. Nandalal Weerasinghe yesterday said the surge in vehicle imports that followed the lifting of the five-year import suspension has now tapered off, with pent-up demand largely exhausted by November.

Speaking at the post-Monetary Policy Review meeting media briefing, Dr. Weerasinghe noted that Letters of Credit (LCs) for vehicle imports, which spiked sharply in July, have since declined, indicating a normalisation of demand.

He added that import prices for vehicles are also falling, contributing to a more stable and predictable market.

Daily FT

यह कहानी Daily FT के November 27, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

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