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Iran's CB: Multiple Measures Taken To Keep Inflation in Check

Iran's CB: Multiple Measures Taken To Keep Inflation in CheckIran's CB: Multiple Measures Taken To Keep Inflation in Check

The Central Bank of Iran outlined key measures to tame mounting inflation and guide it toward the ±22% target. 
In a press release on its website, the CBI linked the galloping inflation to the coronavirus pandemic in the beginning of current fiscal year (in March) which affected businesses across the globe and further hurt Iran’s foreign currency revenue.
Referring to monetary data, the CBI said a package of its measures designed to curb money supply growth, one of the main drivers of inflation, had delivered. 
It said the pace of monetary base growth declined significantly in the last calendar month to August 21, thanks to measures that obviated the need for the government to borrow from the CBI.    

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