Ray of Hope for Business Climate

The Governor of the Central Bank of Iran says inflation expectation has declined noticeably in recent weeks and should help businesses ravaged by the coronavirus and tough economic times. 
In a note posted on his social media account on Sunday, Abdolnasser Hemmati pointed to the relative calm in the forex and gold markets as a signal that the worst inflation fears may be over. 
He said the new development is the outcome of a package of measures taken by the government and the central bank to control galloping inflation, expressing the hope that the trend would continue.