Economy· August 17, 2026 at 12:00 a.m.
Sri Lanka Central Bank Predicts Decrease in Inflation
Key takeaways
- Sri Lanka's annual inflation rate is expected to drop below 20% by year-end
- The decline is attributed to government efforts to control food prices and stabilize the economy
- Central bank has taken steps to increase foreign exchange reserves and reduce interest rates
The Sri Lankan Central Bank has announced that inflation is expected to decrease, according to a report by Bloomberg. The bank's governor, Nandalal Weerasinghe, stated that the country's annual inflation rate could drop below 20% by the end of this year, down from its peak of over 60% in June. This decline is attributed to the government's efforts to control food prices and stabilize the economy.