Low interest rate regime supporting continued expansion of economy - CBSL Governor

The economy is estimated to have grown by 4.8 percent this year and leading indicators reflect a continuation of this momentum, while credit to the private sector has recorded a notable and broad-based expansion thus far in 2025, Central Bank Governor Dr Nandalal Weerasinghe said.

- BY HIRAN H.SENEWIRATNE

"This expansion has been supported by the low interest rate environment and the recovery in economic activity. The continued expansion in private sector credit is expected to further support domestic economic activity in the period ahead, Dr Weerasinghe told the media at the monthly Monetary Policy Review meeting held at the Central Bank head office in Colombo yesterday.

"However, there is no law on using crypto currency as an asset class in Sri Lanka and it raises concerns about money laundering. Since crypto currency is a relatively new thing, no law has been introduced on crypto currency, or virtual currency, Dr Weerasinghe explained.