MCC Briefed on Economic Performance

The Economic Office at the Central Bank of Iran has briefed the Money and Credit Council on the latest economic developments in MCC’s most recent meeting late Tuesday. According to CBI’s official website, the policymaking body was briefed on macroeconomic developments as well as indicators such as the inflation rate and foreign exchange. Liquidity, monetary base, changes in banks’ overdrafts from the central bank and CBI’s measures to curb them, interbank market developments assessed by the volume of transactions and rates, banks’ loan performance and plans to support production and employment were among other issues discussed in the meeting. It was also decided that the second part of the report–focusing on CBI’s measures in ??the monetary market and interest rates–be presented at MCC’s next meeting that has not been scheduled yet.