Central Bank Head: Inflation rate to become single-digit

IRNA – Head of Iran’s Central Bank on Saturday expressed hope that with the pursuit of disciplinary policies of the bank, the country’s inflation rate would become single-digit.

“Despite the achievements in the last four years to continuously decrease the inflation rate and efforts made for retaining it, Valiollah Seif said, the last month (Persian calendar, May 22-June 21) rate of 10.2 percent was an indication of existing risks threatening the achievements in the curb of inflation.

Urging the policy-making bodies of the country to be cautious, he expressed hope that boosting monetary and financial disciplines would change the inflation rate into a a single-digit figure.