Economics
Sri Lanka Central Bank Weighs Options to Support Economy After Terrorist Attacks
- Governor says there’s ‘strong case’ for easing monetary policy
- Easter Sunday bomb attacks threaten tourism industry most
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Sri Lanka’s central bank will consider all options to support the economy in the wake of last month’s terrorist bomb attack, including reducing the reserve ratio at its next policy meeting.
“If you look at all indicators, there’s a strong case for relaxing monetary policy,” Governor Indrajit Coomaraswamy said in an interview in Singapore on Tuesday. “All options are there. It could be a SRR, it could be a policy-rate reduction, it could be a combination of the two,” he said, referring to the statutory reserve ratio.