Central Bank Governor Dr. Indrajit Coomaraswamy believes that Sri Lanka has almost accomplished a transition to a flexible inflation targeting regime.

“Now the central bank has been transitioning towards a flexible inflation targeting regime. The senior deputy governor has been very much in the helm of these things. And we have pretty much transited. We are now a flexible inflation targeting country,” Dr. Coomaraswamy noted.

Speaking further governor stressed that if the flexible inflation targeting regime is embedded in the law on the next day “nothing would change,” he said .

This would address lack the consistency and predictability in policy, governor said.

“All the time it is important to keep on the back of one’s mind the precarious situation of the economy,” he further noted.