Central Bank’s move to flexible inflation targeting: Wide public education is needed

Central Bank of Sri Lanka Senior Deputy Governor Dr. Nandalal Weerasinghe

Going for inflation targeting in full strength

Monday, 27 November 2017

Delivering the Henry Steel Olcott Memorial Oration 2017 in Colombo recently, the Central Bank’s Senior Deputy Governor Dr. Nandalal Weerasinghe outlined the change of the game plan of conducting monetary policy by the bank in the years to come (available at: http://www.cbsl.gov.lk/pics_n_docs/02_prs/_docs/speeches/speech_20171120e.pdf). That was to control inflation directly instead of controlling intermediate factors that contribute to inflation.

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