Economic Crisis in Sri Lanka-There is no use for the bank interest rate to be 30% when inflation is 100% in Sri Lanka

Governor of the Central Bank Mr. Nandalal Weerasinghe states that there is no use for the bank interest rate to be 30% when inflation is 100%.

He also points out that the most important task to be done is to control inflation. He also said that reducing inflation is also important for improving the business environment.

 He made these comments to a journalist’s inquiry at a press conference held at the Central Bank of Sri Lanka.