Sri Lanka, July 11 -- While some experts argue that Sri Lanka should lower its inflation target to 2%, veteran economist Professor Sirimevan Colombage believes the Central Bank should continue with its current 5% inflation target to maintain economic stability.

Professor Colombage, a former Director of Economic Research at the Central Bank of Sri Lanka, said the country's inflation dynamics differ from those of developed economies, as Sri Lanka is highly vulnerable to external shocks and supply-side pressures.

Speaking on the issue, he explained that factors such as global oil price increases, droughts, and floods can significantly affect inflation, and these factors are often beyond the immediate control of monetary policy.

"Inflation...