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)
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Ajith Gallage, the owner of a Bird Park in Nagarawawa, Hambantota, has been remanded over allegations of concealing illegally imported motorcycles, in a warehouse owned by him.
Leave Comments