CBI official: Inflation to be brought to less than 20 pc

Nowshahr, Mazandaran Prov., Sept 28, IRNA – Inflation will be brought to less than 20 percent in the near future, Deputy Governor of the Central Bank of Iran (CBI) for Economic Affairs Peyman Ghorbani said on Sunday.
Speaking to IRNA on the sidelines of the Training Seminar of the CBI Statisticians, Ghorbani said that inflation currently stands at about 21.1 percent and the point-to-point inflation is about 14.4 percent.

He said that the government is working to stem inflation as its major agenda.

He added that inflation rate was about 40 percent in October 2013.

Following the measures taken for stabilization of the forex market by boosting foreign reserves and immunizing the national economy from impacts of external shocks, the government managed to stem inflation rate constantly, he said.

Ghorbani maintained that since taking office the 11th government, executive officials were making efforts to bring about stability in the market and the CBI implemented the plan to bring about financial, monetary, and budget stability in the domain of macro economy.

He said the Ministry of Economy and Finance has been playing a valuable role in forex and monetary stability, succeeding to curb inflation to some extent and direct financial resources to the manufacturing and employment sectors.

As far as Gross National Production is concerned, national economy has been witnessing considerable growth in agricultural and industrial sectors compared to the past several years.



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