Sri Lanka’s central bank forecasts fall in inflation
CBSL says figure will fall to its lowest point in early 2025 before rising again towards 5% target
The Central Bank of Sri Lanka (CBSL) has forecast that inflation in the country will be likely to fall over the coming months.
In a monetary policy report published on August 15, the bank said inflation would continue to decline. The CBSL forecast that quarterly averages would fall short of its 5% target by two percentage points in the near term.
Headline inflation rose from 1.7% in June to 2.4% in July – the highest level since the 5.9% recorded in February.
The CBSL attributed the forecast
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