SL’s inflation likely to rise to 70% – CBSL

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Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe has raised concerns that headline inflation could increase to 70% over the next few months.

Speaking during a media briefing in Colombo today (06), Weerasinghe warned that most businesses will face major difficulties in the likely event of the current inflation further rising, thus CBSL is taking all necessary measures to safeguard those most vulnerable.

Thus, social safety programmes such as the Samurdhi initiative will be looked into to aid the poor during these times, he noted, while other decisions will be taken so as to stabilize the economy.