The Hon. Arjuna Sujeewa Senasinghe, Attorney-at-Law

Samagi Jana Balawegaya· National List· 8 March 2025 ·Oral question: Question by Private Notice: Proposed Abolition of Simplified Value Added Tax

Public Finance

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Arjuna Sujeewa Senasinghe sought clarification from the Deputy Minister on the Central Bank’s role in directing banks on interest rates and related decisions. He referred to statements by the Deputy Minister and the Central Bank Governor that the Central Bank cannot issue such directives, indicating concern over the extent of regulatory authority in this matter.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 This is just a small clarification on the same matter.

¶ 02 Hon. Deputy Minister, you said that a directive cannot be given by the Central Bank on interest rates and other decisions made by the banks. The Governor of the Central Bank also said that they cannot—

Provenance

Source: Hansard, Saturday, 8 March 2025 ·No. 1743142289059261 ·English daily/uncorrected Hansard
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Cite as: The Hon. Arjuna Sujeewa Senasinghe, Attorney-at-Law. 10th Parliament, Parliament of Sri Lanka. Hansard, 8 March 2025. No. 1743142289059261. Politick, https://staging.politick.io/lk/speeches/8220