Central Bank of Iran Resolved to Control Inflation

Central Bank of Iran is committed to control inflation and improve macroeconomic variables, the CBI Governor Abdolnasser Hemmati said. 
“We [central bank] are steadfast in implementing measures aimed at controlling inflation and boosting the economy,” Hemmati wrote in an Instagram post Saturday. 
Highlighting plans enshrined in draft of budget bill for next fiscal year (March 2020-21), he specifically pointed to the anti-inflationary policies that could be realized by regulating trade in the bond market. 
In particular, he underlined the role of open market operations in regulating interest rates in the interbank market and prohibitive measures that the regulator plans to set on lenders’ borrowing from the CBI.  
“Lenders have to adapt themselves to new monetary policies,” he said, advising them to adjust their balance sheets based on new frameworks.