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As enacted
Contents

Part II · Governing Board, Monetary Policy Board, Governor and Deputy Governors

12. Composition of the Monetary Policy Board

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

The Monetary Policy Board shall consist of the following members:–

(a)

the Governor of the Central Bank who shall be the

Chairperson of the Monetary Policy Board;

(b)

members of the Governing Board appointed pursuant to paragraph (b) of subsection (2) of section 8;

(c)

two experts in Economics or Finance;

(d)

the Deputy Governor of the Central Bank in charge of price stability; and

(e)

the Deputy Governor of the Central Bank in charge of financial system stability.

(2)

The Secretary to the Monetary Policy Board who shall be an employee of the Central Bank shall be nominated by the Governor of the Central Bank.

Part III

Employees of the Central Bank

Part IV

Inflation Target

Part V

Monetary and Other Operations

Part VI

Foreign Exchange Operations and International Reserves

Part VII

Currency and Legal Tender

Part VIII

Payment and Settlement Systems

Part IX

Supervision and Resolution of Financial Institutions

Part X

Macroprudential Authority

Part XI

Financial System Oversight Committee

Part XII

Information Exchange with Financial Sector Authorities

Part XIII

Statistics and Information

Part XIV

Relationship with the Parliament, the Government and the Public

Part XV

Credit Operations

Part XVI

Financial Provisions

Part XVII

Internal and External Audits

Part XVIII

General Provisions

Part XIX

Repeals and Savings