We'll miss price target: Sri Lanka's Weerasinghe

The Central Bank of Sri Lanka's chief economist acknowledged on Wednesday that inflation would exceed its target range this year.

Nandalal Weerasinghe, the central bank's chief economist and head of research told Reuters, a news agency, that the inflation would be above the 11% upper limit of the central bank's target range.

"We have been passing through the external shocks [such as rising global oil and food costs] to domestic prices," Weerasinghe said. "In that situation, I am sure we will

To continue reading...