Iran General NewsIMF urges Iran to act to contain inflation

IMF urges Iran to act to contain inflation

-

ImageReuters: The International Monetary Fund said prospects for Iran's economy were good, but urged the government to act promptly to rein in inflation that is expected at about 25 percent.

ImageWASHINGTON, July 18 (Reuters) – The International Monetary Fund said prospects for Iran's economy were good, but urged the government to act promptly to rein in inflation that is expected at about 25 percent.

The IMF said Tehran should raise interest rates and allow for more flexibility in its exchange rate to contain inflationary pressures.

"(IMF) directors encouraged the authorities to act promptly to prevent inflationary expectations from becoming entrenched, against a background of a generally favorable short-term growth outlook," the Washington-based institution said in its annual review of the Iranian economy. (Reporting by Lesley Wroughton)

Latest news

Iranian People’s Resistance Changed the Appeasement Policy

Soon after the new US government started its obligations in January 2021, hand in hand with the European governments...

Khamenei’s Disgraceful Campaign Against Piranshahr and Javanrud, Who Will Be the Loser?

On the 67th day of Iran’s revolution, the Iranian regime attempted to put a halt to the protests in...

Iran: Expensive Medicine, Cheap Human Life

A look at the equipment and weapons that the Iranian regime has been using against its people to suppress...

Who Is Abolqasem Salavati Iran Regime’s Killer Judge?

Last week, it was announced that the case of several people who were arrested during the Iranian People's uprising...

Iran Revolution Characteristics

More than two months have passed since the start of the latest round of protests in Iran against the...

Iran’s Regime Is Unable To Eradicate Protests

Totalitarian governments, whether be it a monarchy or a clerical regime, and their international supporters are pursuing the same...

Must read

Iran appoints former Revolutionary Guard commander to oversee parliamentary elections

AP: A former commander of Iran's elite Revolutionary Guards...

Destruction of the Nutrition System in Iran

By Pooya Stone Nutrition is one of the main...

You might also likeRELATED
Recommended to you