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via ft.lkEconomy

Sri Lanka central bank says rising real estate prices warrant monitoring

FROM THE WIRE · FT.LK

The continued upward trend in real estate prices, together with the banking sector’s increasing exposure to real estate activities, warrants continued monitoring, the Central Bank of Sri Lanka (CBSL) said, warning that a sharp correction in property prices could spill over to…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA sharp property price correction could spill over to the financial system given banks' rising real estate exposure.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Central Bank of Sri Lanka flags the continued upward trend in property prices.
  2. 02Banking sector exposure to real estate activities is increasing.
  3. 03A sharp property price correction could spill over to the financial system.

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