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  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

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2020/02/12

Negative ratings reversal possible in next budget cycle: CB Chief


Expressing optimism of stronger growth this year, Central Bank Governor Prof. W.D. Lakshman has said he expects recent “worrying” downgrades by international rating agencies will be reversed after the next budget cycle and growth will be sustained through structural reforms in line with Government policies. Speaking at the Economic Outlook launch for 2020 at the Ceylon Chamber of Commerce (CCC) on Monday, Prof. Lakshman stressed that even though concerns had been expressed over fiscal slippage leading to larger budget deficits and current account deficits by analysts and most recently by the International Monetary Fund (IMF), he was confident that these concerns would be addressed.- Daily Ft



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