Budget 2018 lacks commitment to Central Bank’s inflation targeting crusade
Tuesday, 14 November 2017
It would be a suicide mission for the Central Bank to undertake inflation target-based monetary policy without strictly enforcing budget discipline by the Government, as I cautioned in my article appeared in the Daily FT of 30 October (see http://www.ft.lk/columns/The-political-economy-of-central-banking-in-Sri-Lanka/4-642422). Although I anticipated it would spark a heated debate, several writers have expressed similar sentiments favouring my argument in their subsequent newspaper articles.
Budget 2018 lacks commitment to Central Bank.docx by Thavam on Scribd
