Economy, Business And Markets

CBI Should Focus on Economy, Not US Elections

CBI Should Focus on Economy, Not US ElectionsCBI Should Focus on Economy, Not US Elections

A Central Bank of Iran official says rather than focusing on the reaction to the US election, the central bank must “implement good and consistent policies” and work to make Iran’s economy “resilient to shocks."

He added Iran expects to see "more rationality" on the part of Donald Trump once he assumes the role of US president and leaves behind what was merely campaign rhetoric.

At a conference in Frankfurt, other Iranian bankers also said they did not expect long-term adverse effects from Trump's win, even though he ran for president opposing a landmark nuclear deal the United States signed last year with Iran.

"What has been said during the election (campaign) was for the election competition. We expect to see more rationality on the position that Trump is going to take after becoming president," Central Bank of Iran Deputy Governor Peyman Ghorbani told Reuters on the sidelines of the conference.

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