Author: Asantha Sirimanne
South Asia, Sri Lanka, headed for sharper fall if policy is not tightened in time: World Bank
December 14 – (LBO) The South Asian region, including Sri Lanka, which experienced robust growth in 2006, may face a sharper and disruptive slowdown, unless fiscal and monetary policy is tightened in time, a new World Bank report has warned. In 2006, Gross Domestic Product (GDP) in South Asia is estimated to have grown by […]
Sri Lanka Central Bank shows first signs of ending loose monetary policy
November 30 (LBO) – Sri Lanka’s Central Bank showed the first signs of ending its loose monetary policy after shunting the country into a balance of payments crisis and driving consumer inflation to 19.8 percent in November, as credit to government from the monetary authority climbed towards a billion dollars. In an unusual move, the […]
Independent central bank needed for stable cost of living in Sri Lanka: economist
August 27, 2006 (LBO) – Sri Lanka should have an independent central bank which can conduct prudent monetary policy in order to have low inflation, a prominent European economist said. “You know richer people, who can get the help of good accountants good advisors can normally avoid the biggest suffering even from inflation,” says Deutche […]
Government agencies claim two rates of growth for Sri Lanka
May 01 (LBO) – The claims of two different growth rates for Sri Lanka by two agencies have highlighted inherent shortcomings in the preparation of national income accounting and also added fuel to sceptics who do not believe economic growth numbers. A tale of two economies