Sri Lanka Central Bank stubbornly defends 5% inflation target

Sri Lanka Central Bank stubbornly defends 5% inflation target

CB Rejects Calls for 2% Inflation Target, Says 5% Is Best for Economic Growth - LNW Lanka News Web

By: Isuru Parakrama October 10, Colombo (LNW): The Central Bank of Sri Lanka (CBSL) has defended its decision to maintain a 5 per cent inflation target until October 2029, arguing that a more aggressive effort to suppress price increases could undermine economic growth and leave the country worse off in the long run. The position […]

Sri Lanka’s Central Bank steadfastly upholds its 5% inflation goal

FINANCIAL CHRONICLE – The Central Bank of Sri Lanka has firmly upheld its 5% inflation target, which it has established in collaboration with the government for the upcoming three years, labeling …