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 nation's 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 the first two waves due to selective restrictions and the country's ongoing vaccination program. M...
Source: newstracklive.com