Central Bank of Sri Lanka – Annual Report (2009)
The Central Bank of Sri Lanka said in its Annual Report 2009, published in May, that it was able to lower rates after experiencing a sharp deceleration in inflation last year.
Annualised inflation, measured by the Colombo Consumers' Price Index (CCPI), declined sharply to 4.8% by end of 2009, from 28.2% in June 2008, the lowest since 1985. The central bank said this enabled policymakers to relax the monetary policy stance and support the domestic economy, which was affected by the global
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