Steamrolling of Central Bank by Minister of Finance: An unsavoury development?
An unsavoury rift between the Central Bank and Minister of Finance
A growing rift between Finance Minister Ravi Karunanayake and the senior management of the Central Bank is surfacing now, worrying both financial markets and prospective foreign investors. The relationship between the Finance Minister and the Monetary Board of the Central Bank is not very clear under the new work allocation of the Government.