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Lawmakers Warn of Inflation Risks in Central Bank Shift

2/4/2025

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Summary

Story summary

Sri Lanka's lawmakers are raising alarms over the central bank's shift towards output targeting under a new IMF-supported monetary law. They warn that this growth-centric approach risks igniting inflation and currency turmoil. Legislators insist that the central bank must prioritize stability, leaving economic growth to the government’s purview.

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Story summary

Sri Lanka's lawmakers are raising alarms over the central bank's shift towards output targeting under a new IMF-supported monetary law. They warn that this growth-centric approach risks igniting inflation and currency turmoil. Legislators insist that the central bank must prioritize stability, leaving economic growth to the government’s purview.