CB will guide economic stakeholders - Cabraal | Sunday Observer

CB will guide economic stakeholders - Cabraal

26 September, 2021

People must experience economic stability. It is then that undue fears will be allayed and damaging expectations will not escalate, said Central Bank (CB) Governor Ajith Nivard Cabraal on assuming duties as the 16th Governor of the esteemed institution recently.

He said to achieve that objective, the Central Bank will need to provide clear and firm guidance to all economic stakeholders particularly in turbulent times, such as the current times.

The Central Bank’s first and urgent priority under my watch will be to provide clarity with regard to the movement of Sri Lanka’s macro-economic fundamentals in the desired path and thereby ensure stability in the financial sector, the Governor said.

To achieve the goal, he said the Central Bank will take steps that will reflect its own commitment towards that objective, and will, therefore, soon announce a policy package in the form of a short-term Road Map that could then be followed by all stakeholders.

Cabraal said he was privileged to lead the Central Bank again and deeply humbled by the trust and confidence reposed in me by the President, Prime Minister and Finance Minister to take up the responsibility. “I also deeply appreciate the good wishes that I have received from thousands of our countrymen.

I assure all of them that they will not be let down, and the economy will be steered towards continued stability,” he said, adding he looks forward to the close cooperation of the wonderful team of persons at the Central Bank as well the support from all stakeholders with whom I will have early consultations.