CBI: Money Supply in Check

The CBI governor says the bank has kept the growth of money supply in check which is a harbinger of decline in inflation rate. 
Abdolnasser Hemmati told state TV that the monetary base growth has lost momentum and “grown only 4% in the first five months (March 20- August 21) of the current fiscal year.
That is down 4.8 percentage points compared to the figure for the first quarter of the fiscal year. 
“I’m pleased to tell the people that money supply has come under control,” he was quoted as saying by the CBI website.