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Pent-up demand for vehicle imports stabilises - CBSL
Daily FT
|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.
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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.
Dit verhaal komt uit de November 27, 2025-editie van Daily FT.
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