Sri Lanka Central Bank Governor Sees No Pressure to Lift Rates
- Indrajit Coomaraswamy says monetary policy is ok for moment
- Says country plans a foreign currency bond for early next year
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Sri Lanka’s central bank doesn’t see any pressure to tighten policy even as inflation accelerates on the back of a severe drought and poor weather, Governor Indrajit Coomaraswamy said in an interview.
“We feel our monetary policy stance at the moment is OK,” Coomaraswamy said in an interview in Washington on Friday. “There is no demand side pressure that we see.”