Central bank is resolved to maintain ‘relative monetary stability’

COLOMBO: Sri Lanka’s central bank is resolved to maintain ‘relative monetary stability’ and will be vigilant about pressures from “extraordinary levels of policy accommodation” Central Bank Governor W D Lakshman said.

“The central bank is resolved to be vigilant about maintaining conditions of relative monetary stability,” Governor Lakshman said after keeping rates unchanged in an April monetary policy review.

“Demand side pressures could emerge as the economy begins to record above trend growth, supported by the extraordinary levels of policy accommodation, hence the need to be watchful.”