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Deflation was beneficial to Sri Lanka, not harmful: CB Governor
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Deflation was beneficial to Sri Lanka, not harmful: CB Governor
ECONOMYNEXT – Sri Lanka’s recent low inflation, and ‘deflation’ in some 12 month period has been beneficial to the country allowing growth to recover, Central Bank Governor Nandalal Weerasinghe has said. “There would only be a problem regarding that if the country’s economic activity were to decrease in any way because of it,” Governor Weerasinghe told reporters. “However, we saw that even though deflation existed for 11 months, the economy grew…
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