Sri Lanka's Prime Minister Ranil Wickremesinghe yesterday  (14) stated that prime lending rates will fall to 10% by end July 2019.

“Prime lending rate will come down from 12% to 10% by the end of this month and other types of lending rates will not exceed 12%. I have instructed banks to reduce the rate to 8% or 9% soon,” premier noted whilst addressing a forum in Trincomallee, where he was giving away free hold land titles.

Speaking further Wickremesinghe also reiterated that the government has managed to maintain a higher tourism attraction despite the effects of the Easter Sunday attacks.