|Sri Lanka: CB announces the SL economic growth will be over 7 pc this year.|
|Thursday, 10 July 2008|
The Governor of Central Bank of Sri Lanka revealed that the economy growth of the country will reach to 7 per cent this year and also the inflation will not exceed 20 per cent at the end of 2008.
Governor Ajith Nivard Cabraal also said that the Central Bank had estimated the growth would be 7 percent in 2008 and inflation at 10-11 per cent, based on an average oil price of US Dollars (USD) 85 per barrel. However, crude oil hit a record of over USD 145 per barrel last week due to which inflation will not moderate as much as originally expected.
(Courtesy : Lanka Puwath )
|Last Updated ( Monday, 09 March 2009 )|
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