Sri Lankan inflation set to fall - Cabraal

Inflation in the Sri Lankan economy is set to moderate in the second half of this year, Nivard Cabraal, the governor of the central bank said.

Cabraal told Bloomberg Television that "we will see a very real change in the inflation rate" post-June.

The New Colombo Consumers' Price Index registered a year-on-year inflation rate of 18.8% in December, a slight fall from the 19.3% rate recorded for November. But interest rates, which are now 10.5%, were "sufficient to deal with the problem."

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