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Sri Lanka Inflation and Growth to Both Slow Over Rest of Year

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Sri Lanka Inflation and Growth to Both Slow Over Rest of Year Sri Lanka’s inflation is expected to slow back toward the central bank’s target of 5% over the second half of this year and into next year, according to Governor Nandalal Weerasinghe. “We are now seeing a stabilizing situation, partly due to the monetary policy measures we had in May and also some of the measures brought in by the government to curtail imports,” Weerasinghe said in an interview in Sydney, Australia, where he is...

Sri Lanka Inflation and Growth to Both Slow Over Rest of Year Sri Lanka’s inflation is expected to slow back toward the central bank’s target of 5% over the second half of this year and into next year, according to Governor Nandalal Weerasinghe. “We are now seeing a stabilizing situation, partly due to the monetary policy measures we had in May and also some of the measures brought in by the government to curtail imports,” Weerasinghe said in an interview in Sydney, Australia, where he is part of a Sri Lankan delegation visiting to attract investors to the Colombo Stock Exchange.
Sri Lanka Inflation and Growth (ORG) Sri Lanka’s (LOCATION) Nandalal Weerasinghe (PERSON) Weerasinghe (PERSON) Sydney (LOCATION) Australia (LOCATION) Sri Lankan (ORG) the Colombo Stock Exchange (ORG)
Originally published by Bloomberg Markets Read original →