Acting Finance Minister emphasizes importance of maintaining confidence in the economy

COLOMBO (News 1st) - Acting Finance Minister Shehan Semasinghe has stressed the need to avoid making statements that undermine both national and international confidence in the country's developing economy.

He highlighted that the Ministry of Finance and the Central Bank have implemented various strategies to tackle the prevailing inflation rate.

Acting Minister of Finance Shehan Semasinghe further stated that the future holds a decrease in interest rates, with positive effects anticipated.

Niroshan Padukka, Moratuwa Electorate Organizer of the Samagi Jana Balawegaya, has expressed concerns about recent events at the Central Bank.

An auction involving key officials resulted in the purchase of 160 billion rupees worth of Treasury Bills, followed by an additional 40 billion rupees the next day. Padukka questions the decision to proceed with these purchases, knowing that the policy interest rate would decrease by 2.5%.

He has called for an immediate investigation by the Auditor General and urges Finance Minister and President Ranil Wickremesinghe to address this issue promptly.