Sub-par economic growth continued last year following subdued growth in 2017. Nevertheless, considering the impact of global developments that affected external sector stability of the economy, the Central Bank maintained a neutral Monetary policy stance in the ensuing period. The Central Bank also continued to perform its currency management function to facilitate smooth transactions in the economy, while taking measures to preserve the quality of currency notes in circulation. As a facilitator, the Central Bank continued its development finance and regional development activities during 2018 with the broad aim of enhancing inclusive and balanced economic growth and financial inclusion in the country. Given the prevailing low growth trajectory, growth promoting policies and structural reforms are much needed priorities for the government.
Source: Sunday Observer January 05, 2019 19:59 UTC