COLOMBO, Aug 28 (Reuters) - Sri Lanka’s inflation rate could fall into the single digits by end 2009, barring any major external factors like fuel and food prices rises that pushed it to record levels this year, the central bank governor said on Thursday.
“If there are no major shocks, we would see single-digit inflation by the end of next year,” Central Bank Governor Ajith Nivard Cabraal told Reuters in an interview.
But he warned that the bank’s tight monetary policy would mean 2008 economic growth would be slightly less than the forecast 7 percent. (Reporting by Shihar Aneez and Bryson Hull, Editing by Kim Coghill)
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