Raisi Says CBI Should Control Inflation

September 29, 2021
banking

P resident Ebrahim Raisi said controlling inflation is a high-priority of his government issue and asked Central Bank of Iran to adopt appropriate monetary policy in this regard.

“The CBI should espouse monetary policies to better manage money supply and tame inflation,” Raisi said in a meeting with members of his government’s Economic Coordination Headquarters, IRNA reported.

His government, like former administrations, is grappling with runaway inflation emanating mainly from the mounting budget deficit. Inflation is officially in the region of 50% and consumer prices continue to rise at speeds unseen in recent memory.

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