Iran's CB Says May Review Policy Interest Rate if Inflation Expectations Loom

The Central Bank of Iran says it will revise its policy interest rate in the interbank market if it discerns that inflation expectations are rising.
In a report analyzing macroeconomic variables in the last calendar month (ended July 21), the CBI said “at present it does not see the urgency [or need] to change the policy interest rate”.
The policy interest rate is an interest rate that the monetary authority sets to influence the evolution of the main monetary variables in the economy (consumer prices, forex rate, credit expansion, among others).