CBK: Cabraal did not increase interest rates because he was "having fun with the sovereign bond market"

The banking sector and monetary market welcomed the Central Bank's latest decision to increase interest rates sharply on Friday, considering current inflation and other pressures to the economy.

One Twitter user asked why former CB Governor Ajith Nivard Cabraal could not take such a bold decision during his tenure.

The response came from the official Twitter account of former President Chandrika Bandaranaike Kumaratunga. This is what she said: “Because Cabraal and buddies were having fun with the sovereign bond market!”