Second DDO if current one fails-CB Governor

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There will likely be another Domestic Debt Optimisation (DDO) process if the targets of the current one are not achieved, Central Bank (CB) Governor, Dr. Nandalal Weerasinghe told a top forum on Friday morning.

"Someone asked me this morning it's there will be another DDO. There could be if we deviate from the current DDO," he told CFA CEO Forum - Rebooting Sri Lankan Economy delivering the keynote address.

He added the fiscal policy, structural reforms and the growth path need to move in tandem with the DDO. He also emphasised on the banks bringing lending rates down to stimulate the economic recovery.

He said by month end there will be single digit inflation at 7 per cent. (DEC)

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