Higher interest rates on deposits will help curb inflation under the right conditions, economic commentator Hossein Mahmoudi Asl said.
“Inflation can come down [only] if the new interest rates are in sync with inflation rates and can convince the people to keep their money in the banks,” Mahmoudi Asl he was quoted by IBENA as saying.
“What is more important though is from where the money will come from to pay the higher rates?”
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