COLOMBO: Sri Lanka’s inflation is expected to return to the government’s 5% target starting from the last two quarters of the year, a Central Bank of Sri Lanka (CBSL) official said on Wednesday, as the economy stabilises from a crippling financial crisis. The economy has shown signs of recovery in recent months, aided by a $2.9 billion International Monetary Fund (IMF) programme, after it went into freefall in 2022 due to a severe foreign exchange shortage. Sri Lanka shares end higher “Inflation is projected to reach 5% in the medium term, which is from about the third quarter to the end of the year,” S. Jegajeevan, the director of CBSL’s economic research department, told reporters. “Th
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