Cabraal fires again from the hip

Monday, 29 April 2013 03:09 - - {{hitsCtrl.values.hits}}

I was very tickled to read an article written by Cabraal in the FT saying that Sri Lanka-US relations need to improve and giving advice to the US government on how they should manage their relations with Sri Lanka.

Has Cabraal now become the spokesperson for the Ministry of External Affairs? The primary function of a central bank is to manage the nation’s money supply through active duties such as managing interest rates, and acting as a lender of last resort to the banking sector.

Central banks in most nations are institutionally designed to be independent from political interference. The chief executive of a central bank is normally known as the governor, president or chairman and expected to run a credible monetary policy, making market expectations more responsive to signals from the central bank. This requires a central bank to have a chief executive who works behind the scene and is regarded with admiration.

Cabraal has caused the economy a dollar burnout with his unorthodox economic policy and his gaffes. Cabraal, can you use your energy to reduce the electricity prices, unlike us, your electricity comes free, despite the labour you put in to reassess and decrease the tariffs. I am certain will be greatly valued than advising the US government that has an unreliable human rights policy, which you cannot change as the governor of a $ 53 billion economy. I recall your gaffe some time ago: “Sri Lanka does not need GSP.” How many garment factories have had to close down after we lost the GSP?

Davinda