Sri Lanka awaits CB Governor decision

ECONOMYNEXT – Sri Lanka is expected to make an announcement on the central bank governor soon, after Indrajit Coomaraswamy stepped down on December 20.

A monetary policy decision is due on December 27.

President Gotabaya Rajapaksa will make the appointment following a recommendation from the Prime Minister who is the finance minister.

Senior government officials had earlier indicated that a decision would be made over the weekend.

In the absence of a governor, the most senior deputy governor overlooks the central bank, who is currently Nandala Weerasinghe.

Weerasinghe is also among candidates to be appointed governor.

(Colombo/Dec23/2019)