Sri Lanka aims for 3-4 pct annual inflation this year – c.bank chief
Posted in Local News
Sri Lanka aims for between 3 percent to 4 percent annual inflation measured on the Colombo Consumer Price Index (CCPI) this year, central bank governor told Reuters on Monday.
Annual inflation stood at 2.7 percent in February, up from 0.9 percent in January, data from the Department of Census and Statistics showed on Monday.
“The 2.7 percent is within our targets,” Arjuna Mahendran told Reuters. “We are targeting 3-4 percent inflation average for this year.”
Sri Lanka’s central bank unexpectedly raised its key policy interest rates by 50 basis points on Feb. 19 from a record low, to prevent demand-driven inflationary pressure.
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has this man any idea as to how many trillions of rupees are in circulation. Considering there is a big difference between 3 and 4 percent.
When the IMF visits ravi ought to put up a strong case for supporting the fertiliser subsidies.
Limit on the import of junk (cars in particular and parts). Further impose austerity measures if the economy is to be salvaged.
The government ought to be told that they ought to provide health and education for the needy and introduce a means test to identify those eligible.
The ministries has sky rocketed and every member of the legislature holds a ministerial portfolio. In principle this is good for Sri Lanka will be a one party state creating a historical precedent. Imagine what it would have been like if we had to live with tyrant nero, bokassa or pol pot.