By Charumini de Silva
Ceylon Finance Today: Sri Lanka's banking watchdog, the Central Bank yesterday confirmed that the monetary policy stance for 2015 would not be materially different from that of 2014, and that they would continue to balance several variables to ensure that economic and price stability is maintained.
Speaking to Ceylon FT Central Bank Governor Ajith Nivard Cabraal said, that by the end of 2014, we would have enjoyed nearly six years of average single digit inflation, and therefore, we would certainly want to ensure that such track record is maintained.
"We are confident that the inflation would remain stable in the foreseeable future. On that basis, we could also expect the low interest rate regime to continue over the longer term," he added.
Commenting on the growth projections for next year Cabraal said, "We expect growth for 2015 to be around eight per cent, and based on our current macro-fundamentals, it seems to be a realizable target.
www.ceylontoday.lk
Ceylon Finance Today: Sri Lanka's banking watchdog, the Central Bank yesterday confirmed that the monetary policy stance for 2015 would not be materially different from that of 2014, and that they would continue to balance several variables to ensure that economic and price stability is maintained.
Speaking to Ceylon FT Central Bank Governor Ajith Nivard Cabraal said, that by the end of 2014, we would have enjoyed nearly six years of average single digit inflation, and therefore, we would certainly want to ensure that such track record is maintained.
Commenting on the low interest rate regime, he said that the current low interest rate regime. ...would last as long as they maintain inflation at the current low levels, and as of now, that outcome seems quite sustainable.
"We are confident that the inflation would remain stable in the foreseeable future. On that basis, we could also expect the low interest rate regime to continue over the longer term," he added.
Commenting on the growth projections for next year Cabraal said, "We expect growth for 2015 to be around eight per cent, and based on our current macro-fundamentals, it seems to be a realizable target.
www.ceylontoday.lk
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