Sri Lanka Covid wave to hit output; maintain its current policy corridor of 5.50 pc: CBSL
Colombo: The Central Bank of Sri Lanka (CBSL) said on Thursday that the island nations economic recovery was being disrupted by an ongoing third wave of the Covid pandemic. Sri Lanka will maintain its current policy corridor of 5.50 percent to inject overnight money while a worsening third Coronavirus wave will hurt economic output, requiring more fiscal and monetary stimulus’ the central bank said. The CBSL statement said that impacts from the third wave are expected to be lower than during...
Source: newstracklive.com