The CBSL, reviewing the present Monetary Policy, further said that although the economy remains vulnerable to supply-side disruptions stemming from weather related disturbances and rising global commodity prices, the implementation of the envisaged structural reforms and the realization of inflows of foreign investments over the medium term are expected to improve the resilience of the economy.

Meanwhile, the bank added that global economic activity is expected to strengthen further, according to the latest update of the World Economic Outlook of the International Monetary Fund (IMF) in October 2017, driven by improvements in global trade and manufacturing.