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Central Bank close observation construction sector for possible bubble

The Central Bank said yesterday that it remains vigilant about a possible creation of a bubble due to the growth of runaway credit. "This is something we are investigating if there is a possibility of a bubble." We are studying that very carefully, "said Central Bank Governor Dr. Indrajit Coomaraswamy. Total extended private credit had reached an all-time high in 2016 that exceeded Rs. GDP) during the first three quarters of 2016, declining from 7.3 percent of GDP during the same period in 2015, as the government Had delayed the projects initiated by the previous administration. Colombo that would remain until the apartment trend has subsided and blamed the government for deforming prices by selling land in Colombo for high prices to foreign developers. The Central Bank of the United States of America. In addition, there are a number of factors that can be taken into account in order to reduce the demand for credit in the automotive sector.

 
 

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