Anti-Inflationary Moves Commended

The Plan and Budget Organization says role of the stock market and the Central Bank of Iran monetary policy is pivotal to curbing inflation. 
Referring to macroeconomic indicators during the Dec.22-March 19 quarter, the PBO underscored the role of the bourse in attracting liquidity and the CBI’s open market operation as two critical factors in bringing down runaway inflation. 
“Rush of liquidity into the currency, gold and auto markets can result in harmful inflationary consequences,” the report published on the PBO public relations office said. 
“It is very important to avoid hasty measures that could undermine the stability of macroeconomic variables,” the report said.