Central Bank of Sri Lanka

Deficits and Implied Taxation

by Dinesh
The Prince of Kandy I am not saying it is a life and death matter when you print money. During my period it isn’t that we didn’t have excess printing but every time the treasury secretary asked me if we could accommodate the government with an excess of treasury bills I always got a date ... Read More

Indrajit Failed in 2018

by Dinesh
Both growth1 and inflation2 have fallen below the targets set by the Central Bank. GDP growth for the fourth quarter is less than 4% with all previous quarters also being below that figure. Inflation was also below 4%. The public was expecting both figures to at least touch 4% as communicated by the Central Bank. ... Read More

The Rate of Exchange, Capital Flight, and the Central Bank

by Dinesh
The Central Bank (CBSL) exists for the sole purpose of price stability. It’s controls on the financial system and monetary policy exist to maintain price stability. As put forth many times by the Governor, the failing of the CBSL to control inflation is a fireable offence. In this light the following text aims to put ... Read More