Sunday, 5 June 2022

The Prime Minister says he will not interfere in the decisions of the Central Bank


Prime Minister Ranil Wickremesinghe says he will not interfere in the decisions of the Central Bank at present.

He says the central bank has been given the opportunity to make independent decisions on monetary policy.

The Prime Minister said that the Central Bank should be given the opportunity to make decisions at this juncture and should be vigilant about the consequences.

This was stated by the Prime Minister Ranil Wickremesinghe addressing a conference 

Speaking further the Prime Minister said that the decisions taken by the Central Bank so far have been welcomed by some parties and disliked by others.

The Prime Minister pointed out that some importers have expressed their displeasure over the Central Bank's regulation that goods should be imported only on bank transactions.

However, in the face of the current situation, the Central Bank's intention is to control inflation and increase foreign reserves, Prime Minister Ranil Wickremesinghe added.

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