Sri Lanka is on target to adopt flexible inflation targeting, but authorities would need to redouble their efforts if the 2020 deadline was to remain realistic, senior deputy governor P Nandalal Weerasinghe said today (November 20).
Having experimented with several frameworks over the years, the Central Bank of Sri Lanka currently operates a hybrid system of inflation targeting that uses monetary aggregates as a key signal. It also continues to intervene in foreign exchange markets, although it
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