A guidance rate mandated by Sri Lanka s central bank is another way of is not found in the real world and the monetary authority has no ability enforce a managed float (soft-peg) a top economist has said.
Sri Lanka s Central Bank Governors have to be legally restrained from injecting liquidity using the absolute discretion available through flexible inflation targeting cum output gap targeting and not given more room to print money through central bank independence.
Sri Lanka s Central Bank Governors have to be legally restrained from injecting liquidity using the absolute discretion available through flexible inflation targeting cum output gap targeting and not given more room to print money through central bank independence.