Wednesday, 7 December 2016
Whilst fiscal adjustments are in disarray, the Central Bank which is supposed to conduct the country’s monetary policy independently is being increasingly subject to political influence, according to recent newspaper reports. The Central Bank being out of the hands of the Ministry of Finance makes fiscal-monetary policy coordination even more difficult
The year 2016, which started with the now forgotten Sri Lanka Economic Forum well-attended by the likes of George Soros and Joseph Stiglitz, is going to end up with disturbing economic fluctuations and continuing policy contradictions. The high-ranking politicians seem to grab every opportunity to attend such conferences abroad as well without gaining much benefits to the nation.
