Sri Lanka sets inflation target at 5%
The central bank and finance minister set a 5% inflation target under a framework reviewed every three years. The measure uses a quarterly average.
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The central bank and finance minister set a 5% inflation target under a framework reviewed every three years. The measure uses a quarterly average.
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The annual rate increased from 2.9% in July, with services and energy making the largest contributions.
Three members wanted an increase as the bank highlighted energy’s contribution to August inflation.