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Sri Lanka should mandate 2-pct inflation ceiling to avert next economic crisis
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Sri Lanka should mandate 2-pct inflation ceiling to avert next economic crisis
ECONOMYNEXT – The people of Sri Lanka experienced the ruinous effects of inflation during the most recent economic crisis and in the run up to it, so the threat of its resurgence through a high inflation target as in the recent past, instead of a ceiling, should be avoided. Sri Lanka’s inflation history How has Sri Lanka fared in the past? One way to illustrate this is by looking at the rupee’s exchange rate against the US dollar. While not exa…
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