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Thursday, 15 February 2018 - 17:18
Monetary Board says economy is operating at below potential
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The Monetary Board says that Sri Lanka’s economy is currently operating at a level below its potential.

However, it said as per the available indicators, the economy is likely to recover from the effects of adverse weather conditions in the past two years and benefit from the expected boost in external demand and foreign direct investment inflows.

Improvements in the trade front, including the execution of new trade agreements supported by increased private investment driven by structural reforms, are also likely to provide the necessary impetus for the economy to achieve its potential in the medium term if further added.

These details are mentioned in a statement issued by the Central Bank of Sri Lanka relating to the Monetary Policy stance issued by the Monetary Board.

It said that the current monetary policy stance is appropriate and had decided to maintain the policy interest rates of the Central Bank of Sri Lanka at their present levels.

The decision of the Monetary Board is consistent with the objective of maintaining inflation at mid-single digit levels over the medium term and thereby facilitating a sustainable growth trajectory.

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