Sri Lanka aims at inflation of 7.0-pct in 2013

Thursday, 03 January 2013 - 13:43

Sri+Lanka+aims+at+inflation+of+7.0-pct+in+2013

Sri Lanka's Central Bank aims to inflate the economy by about 7.0 percent in 2012 based on a monetary targeting framework where money supply and credit growth is taken into account.

 

Delivering a monetary policy roadmap for 2013 Governor Nivard Cabraal said the Central Bank was will continue to aim for mid single digits inflation over the medium term.

 

In 2012 the central bank's record of generating mid single digits inflation was thrown off track after tens of billions of rupees liquidity was injected into the banking system triggering a balance of payments crisis ending the year with 9.2 percent consumer inflation.

 



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