COLOMBO, Dec 19 (Reuters) - Sri Lanka's central bank has
revised the island nation's 2012 economic growth target to 6.5
percent on Wednesday from an earlier 6.8 percent due to its
tight monetary and fiscal policies, the deputy head of the
monetary authority said.
"There will be slower than expected growth in the third
quarter, which would be close to 5 percent or may be less than
that," Nandalal Weerasinghe, deputy central bank governor, told
Reuters in an interview.
"As a result, for the whole year, we have revised down the
growth to 6.5 percent from the earlier 6.8 percent."
Sri Lanka has already revised down the growth target twice
in 2012 from the original 8 percent after achieving a record 8.3
percent economic expansion last year.
(Reporting by Shihar Aneez; Editing by Jacqueline Wong)