Sri Lanka’s Central Bank to maintain inflation within 4 to 6-pct

Jan 06, 2020 (LBO) – Sri Lanka’s Central Bank expects to maintain inflation within a range of 4-6 percent through a transparent, coherent, and accountable monetary policy framework going forward.

Announcing the road map of the Central Bank for this year, Governor W D Lakshman highlighted that maintaining inflation at stable levels would help improve economic prosperity of Sri Lanka.

“In this regard, the Central Bank will continue its dialogue with fiscal authorities. Adjustments to the Monetary Law Act to align it with global best practices are also envisaged,” he said.

“At the same time, financial sector oversight and macroprudential policies are to be strengthened to ensure financial system stability.”