Sri Lanka working to introduce ‘proactive’ policy – governor
Central bank in past tended to do “too little, too late”, says Coomaraswamy
The Central Bank of Sri Lanka is working to implement a forward-looking framework for monetary policy, governor Indrajit Coomaraswamy said today (October 24).
“In the past, we tended to do too little, too late,” Coomaraswamy said in a speech to the Exporters Association of Sri Lanka. “We allowed the economy to overheat and then we would move. This is why we have had big fluctuations in our interest rates, which have made business planning very difficult.”
The central bank is now in the process
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