The Central Bank Governor Nandalal Weerasinghe has failed to take a firm decision to prevent the contraction of the economy causing the consumer market to shrink by 60% by April, the Sri Lanka United National Businesses Alliance (SLUNBA) alleged.
The Central Bank has taken concessionary measures for the benefit of Micro, Small and Medium Enterprises (MSMEs) and Individuals affected by the present macroeconomic conditions.
Sri Lanka’s Central Bank says that the economy is steadily progressing as displayed in the latest economic indicators even though the country’s social instability with trade unions picketing campaigns and employee unrest posed a setback.