Sri Lanka, Nov. 10 -- The Central Bank of Sri Lanka has submitted seven reports to Parliament under the inflation-targeting requirements of the monetary policy framework agreement since the second quarter of 2024, officials told the committee on public finance (COPF) on November 5.

Under the Monetary Policy Framework Agreement, the inflation target is set at 5%, with an allowable deviation of plus or minus two percentage points.

If inflation remains outside the permitted range for two consecutive quarters, the Central Bank is required to submit a report to Parliament through the Minister of Finance and make it available to the public.

Such a report must explain the reasons for missing the target, outline corrective measures and provide...