Moving Out of Money

We aren’t getting an inflation targeting mechanism in the near future. To paraphrase the words of the outgoing Central Bank Governor, it is unlikely that given the political situation such a ground-breaking piece of legislation will be passed in parliament. An inflation targeting regime was to be combined with an…

The 20th Amendment

Pass the 20th amendment to the constitution and go for a parliamentary election. This would be the best thing for Sri Lanka at the moment. Going for a parliamentary election in a few months’ time wherein even if the UNP wins they will have to deal with an SLPP president…

Power Grab

This is based given the timing and implicit manifesto of the Presidential bid orchestrated by Mangala Samaraweera. As perceived by many in internal party member dialogues this has been characterized as a bid for the Prime Minister’s Post by Mangala. His supporters frame it as the last chance to beat…

The Capital Market Cure

The Monetary Board in conjunction with the Central Bank is busy creating a policy to create systems whereby there is better transmission of monetary policy. The situation has become quite dire as the Central Bank seems to have lost control over interest rates. This is most evident in the Central…