Significant deceleration in money printing expected: CB

19 August 2022 07:35 am Views - {{hitsCtrl.values.hits}} 2 Bookmark

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Central Bank (CB) expects the government’s appetite for monetary financing, which is loosely known as money printing to reduce significantly in the period ahead as a result of fiscal consolidation measures alongside with the planned reforms in state-owned enterprises.

As of August 17, CB’s holdings of government securities only increased by Rs.2.57 billion when compared to a record Rs.150 billion increase in July. On an average, the CB printed at least Rs.100 billion for the government’s financing requirements except in February.

“Need for further monetary financing is expected to be low in the period ahead, supported by fiscal consolidation measures that have already been introduced, alongside the implementation of cost-reflective pricing by major state-owned-business enterprises,” the CB said.

Comments - 2

Mahesh Friday, 19 August 2022 10:41 AM

You may have to print more to give money for political victim fake proposal members and pay salaries for loss making government institutes

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Bande Friday, 19 August 2022 12:40 PM

CBSL is only big talkers. Nothing will materialize. You are partly responsible for bankruptcy. Just holding big named position and drawing big salaries.

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