After reviewing recent and anticipated macroeconomic developments, the Board made this decision during their meeting on 26th September. The aim is to ensure that inflation complies with the 5% target in the medium term, while also promoting the economy's potential for growth.
The CBSL noted that inflation is expected to stay well below the 5% target in the coming quarters, with the possibility of deflation due to changes in administratively controlled prices and improved supply conditions.
