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Holding the Line: The Central Bank, the IMF, and the Theatre of Stability
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Holding the Line: The Central Bank, the IMF, and the Theatre of Stability
When the Central Bank of Sri Lanka announced it would hold policy interest rates steady, the response on social media was notably muted — a rarity for an institution that once dominated headlines with inflation charts and emergency measures. That silence, however, should not be mistaken for indifference. In financial circles, the decision has been read as deliberate signalling ahead of a looming IMF review. The context matters. Sri Lanka’s econo…
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