Business And Markets

Taming Inflation the Iran's CB Way

Taming Inflation the Iran's CB WayTaming Inflation the Iran's CB Way

The Central Bank of Iran says the coronavirus pandemic, deepening budget deficit and disruption in foreign trade are largely responsible for pushing up consumer prices in recent months. 
The bank released a statement on its website Sunday to inform public opinion about the root causes of galloping inflation and CBI measures to control it. 
Covid-19 was a body blow to both aggregate demand and supply as the central bank was compelled to adopt an expansionary fiscal policy to stimulate the economy, it said. 


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