Inflation to continue

4 November 2010 10:41 am

Sri Lanka's central bank Governor Ajith Nivard Cabraal said on Thursday he expects inflation this year and next to be benign despite strong growth. Cabraal expected average inflation this year to be less than 6 percent and the average rate to come in 5 percent or less in 2011.

Cabraal said Sri Lanka would soon announce measures to relax currency controls and they were unlikely to include a change in the existing cap on foreign investments in government securities.

He said the government would expand areas where foreigners could invest, including in unlisted sectors.

Source: Reuters