Sri Lanka is heading into uncertain territory with an obsession on interest rates, a trigger happy central bank that tends to deliver liquidity shocks through open market operations which now buys bonds to create money, and budgets deteriorating on top of all that.
Sri Lanka will soon run out of rating space to tap capital markets if flexible exchange rate targeting continues
Lost generation ‘Economic’ advisors who are giving dee ropes to the president should check the People’s Bank of China law articles 29 and 30
SRI LANKA AND ITS PEOPLE HAVE PAID HEAVILY TO MAINTAIN A DEPRECIATING, SOFT-PEGGED CENTRAL. THE SOCIAL MARKET ECONOMY IS ITS LATEST VICTIM