SriLanka, Oct. 12 -- Only about 100 responses were received during the month-long public consultation that fed into the review of Sri Lanka's inflation target, despite what was described as tremendous public interest in the subject, Central Bank Senior Deputy Governor Dr. Chandranath Amarasekara disclosed.
That works out to roughly one response for every 220,000 people in a country of about 22 million.
The online questionnaire was open to anyone through the Central Bank website for a month and was promoted on social media. Dr. Amarasekara defended the turnout, noting that similar consultations in larger economies have at times drawn fewer than 100 responses.
"We thought the responses would be one-sided. It was not so," he remarked, addin...