Sri Lanka mulls shift to one rate, unified policy stance

January 10, 2024
1 min read

In an annual statement on policy, the Governor of the Central Bank of Sri Lanka, P Nandalal Weerasinghe, has raised the possibility of adopting a single policy rate in the country. The move is intended to improve the monetary transmission mechanism and the signalling effect of monetary policy. Currently, many central banks use a range of interest rates to set monetary policy.

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