Sri Lanka, Nov. 2 -- Central Bank Governor Dr Nandalal Weerasinghe said that the financial policies necessary for the country must be implemented decisively, regardless of whether the public favours or opposes them.

He said that avoiding necessary economic policies simply because they are unpopular could cause serious harm to the country in the long run.

Speaking at a lecture at the University of Kelaniya, he said that with the Central Bank now operating as a more independent institution, it must implement whatever monetary and regulatory policies are required to safeguard the country's long-term economic stability, irrespective of whether such measures are popular with the public.

"In the past, we managed to sustain things in certain...