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Keeping inflation at 5% risks deepening poverty... former Deputy Governor challenges World Bank
The World Bank has backed Sri Lanka's decision to maintain its headline inflation target at 5% through 2029, describing it as a pragmati
Summary
However, former Central Bank Deputy Governor Dr. He points out that inflation affects people differently depending on how quickly their incomes increase. He warned that the combination of unemployment, stagnant incomes and continuing inflation could create wider social tensions.
What this story is about
People
- Nandalal Weerasinghe2
- Anura Kumara Dissanayake
- W. A. Wijewardana
Organisations
- Central Bank of Sri Lanka2
- Department of Census and Statistics
- International Labour Organization
- World Bank
Places
- Sri Lanka2
- United States
Keywords
- inflation2
- challenges
- stubbornly
- deepening
- governor
- defends
- keeping
- poverty
- deputy
- former
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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