Category: Monetary
-
CB Governor asserts that deflation has positively impacted Sri Lanka rather than causing harm.
FINANCIAL CHRONICLE – According to Central Bank Governor Nandalal Weerasinghe, Sri Lanka’s recent experience with low inflation and a brief period of deflation has positively impacted the nation’s economic recovery. Weerasinghe addressed the media, stating, “The only concern would arise if this situation led to a decline in the country’s economic activities. However, despite an…