Business Recorder - Business & Finance - Money & Banking https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Sat, 15 Aug 2026 14:31:48 +0500 Sat, 15 Aug 2026 14:31:48 +0500 60 No sign of demand driven inflation in Sri Lanka: IMF https://www.brecorder.com/news/1750/no-sign-of-demand-driven-inflation-in-sri-lanka-imf <p class="MsoPlainText"><img height="412" width="400" src="https://i.brecorder.com/images/stories/imf-logo2_400.jpg" style="margin-bottom: 10px; float: left; margin-right: 10px;" />COLOMBO: The International Monetary Fund on Thursday forecast that Sri Lanka's economy would expand by 7 percent in 2011, lower than the 8.5 percent the central bank has targeted.</p> <p><p class="MsoPlainText">IMF Sri Lanka Country Director Koshy Mathai released the forecast at a press conference after the global lender cleared the release of the sixth tranche of a $2.6 billion loan.</p> <p class="MsoPlainText">Mathai also said there was no sign Sri Lanka's $50 billion economy would overheat in the near term, nor was there any indication that demand-driven inflation would pick up.</p> <p class="MsoPlainText">"Inflation is mainly due to supply shocks and we haven't seen any demand-driven inflation," he said.</p> </p> <p class="MsoPlainText"> </p> <p><center><b><i>Copyright Reuters, 2011</i><br /></b></center>?????</p> COLOMBO: The International Monetary Fund on Thursday forecast that Sri Lanka's economy would expand by 7 percent in 2011, lower than the 8.5 percent the central bank has targeted.

IMF Sri Lanka Country Director Koshy Mathai released the forecast at a press conference after the global lender cleared the release of the sixth tranche of a $2.6 billion loan.

Mathai also said there was no sign Sri Lanka's $50 billion economy would overheat in the near term, nor was there any indication that demand-driven inflation would pick up.

"Inflation is mainly due to supply shocks and we haven't seen any demand-driven inflation," he said.

 

Copyright Reuters, 2011
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]]> Business & Finance https://www.brecorder.com/news/1750 Thu, 03 Feb 2011 09:11:34 +0500 none@none.com (Shoaib Ur Rehman)