{"id":18832,"date":"2026-05-20T12:04:07","date_gmt":"2026-05-20T12:04:07","guid":{"rendered":"https:\/\/srilanka.factcrescendo.com\/english\/?p=18832"},"modified":"2026-05-20T12:04:11","modified_gmt":"2026-05-20T12:04:11","slug":"central-bank-governors-statement-on-economic-uncertainty-shared-misleadingly-on-social-media","status":"publish","type":"post","link":"https:\/\/srilanka.factcrescendo.com\/english\/central-bank-governors-statement-on-economic-uncertainty-shared-misleadingly-on-social-media\/","title":{"rendered":"Central Bank Governor\u2019s Statement on Economic Uncertainty Shared Misleadingly on Social Media"},"content":{"rendered":"\n

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A statement made by the Central Bank Governor at the Finance Committee meeting on May 13th, warning that the country\u2019s economic outlook is uncertain, is now being widely shared across social media and mainstream media outlets.<\/p>\n\n\n\n

Here is how Fact Crescendo investigated this claim.<\/strong><\/p>\n\n\n\n

Social Media Posts:<\/strong><\/p>\n\n\n\n

Posts circulated on social media claiming that Central Bank Governor Nandalal Weerasinghe had expressed concern about the current government\u2019s actions and warned that the future is very uncertain.<\/p>\n\n\n\n

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FB Post 1<\/a> | FB Post 2<\/a>| FB Post 3<\/a> | FB Post 4<\/a><\/p>\n\n\n\n

We investigated whether the Central Bank Governor had actually made such a statement.<\/p>\n\n\n\n

Fact-Check:<\/strong><\/p>\n\n\n\n

In investigating the social media posts, we found they were based on a statement made by Central Bank Governor Nandalal Weerasinghe at the Finance Committee meeting on May 13th. Major media outlets reported the Governor as saying that if the global uncertainty continues, the country could be at risk and that it is difficult to predict the next three months, as reported here<\/a> and here as well.<\/a><\/p>\n\n\n\n

However, the social media posts omitted the fact that this prediction was driven by global uncertainty, instead presenting the Governor’s words purely as a criticism of the government’s actions.<\/p>\n\n\n\n

To verify this further, we reviewed a video recording of the Finance Committee meeting.<\/p>\n\n\n\n

Matters considered at the Finance Committee meeting<\/strong><\/p>\n\n\n\n

The main focus was the 2025 Annual Economic Review, which reported 5% GDP growth and higher per capita income despite global uncertainty. Officials also discussed inflation control, monetary policy, and strengthening the economy through record worker remittances. The discussion included challenges such as the fall of the rupee, rising oil prices due to the Middle East conflict, and a major fraud case at NDB Bank. The committee also reviewed financial stability, bank consolidation, new insolvency and bankruptcy laws, and the need for Central Bank transparency and accountability to Parliament.<\/p>\n\n\n\n

Central Bank’s forecast for the future economy<\/strong><\/p>\n\n\n\n

Regarding the future economy<\/strong>, Deputy Governor of the Central Bank Chandranath Amarasekara stated that outflows were expected to exceed inflows, primarily due to the rise in global oil import prices, leading to an expected current account deficit. A significant increase in inflation was also anticipated, which officials referred to as cost-push inflation<\/strong>.<\/p>\n\n\n\n

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