Central Bank to continue policy mix in 2021
Sri Lanka, Jan. 5 -- The Central Bank of Sri Lanka is aiming to continue the current policy mix in 2021. The governor noted that interest rates (both borrowing and saving) would remain in single-digit levels.
The country has been able to obtain arrangements with the Reserve Bank of India and the US Federal Reserve to ensure foreign currency liquidity domestically.
CBSL Governor Prof. W D Lakshman noted that the foreign currency debt crisis was developed in his predecessor's tenure. He noted that between 2009-2014 foreign borrowing through ISBs amounted to US$ 5 billion while between 2015-2019 it rose to US$ 12.05 billion.
Prof. Lakshman was speaking at the Central Bank on January 4 at the Annual Monetary Policy Road Map. The monetary b...
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