Rouhani vows to slash inflation rate by over 10% by March 2015
Rouhani vows to slash inflation rate by over 10% by March 2015
TEHRAN – Iranian President Hassan Rouhani says his government plans to decrease the inflation rate to below 25 percent by the end of Iranian calendar year 1393 (March 20, 2015).
In a television interview with Islamic Republic of Iran Broadcasting on Tuesday night, Rouhani outlined his administration’s achievements in their first 100 days in office and his plans for the future.
The inflation rate is projected to be 35 percent at the end of the current Iranian calendar year (March 20, 2014), IRNA quoted Rouhani as saying.
“First, the administration plans to curb the inflation rate and reform the banking system, and then change the method of (cash) subsidy payments,” he added.
Rouhani said his administration inherited an economy with a 5.8 percent contraction rate and an inflation rate of over 40 percent, according to the Central Bank of Iran.
However, the Statistical Center of Iran announced that the inflation rate for the 12-month period that ended on October 22, which was the last day of the Iranian calendar month of Mehr (September 23-October 22), hit 36.2 percent, which was a 0.2 percent rise compared to the previous month.
On October 27, Finance and Economic Affairs Minister Ali Tayyebnia said that the government plans to reduce the inflation rate by 6 to 7 percent by the end of the current calendar year (March 20, 2014), ISNA reported.
Through curbing the runaway liquidity growth in the country, hopefully the inflation rate can be decreased, he added.
Central Bank of Iran Governor Valiollah Seif recently said he will focus on controlling liquidity and bringing down inflation, as President Rouhani has agreed to separate monetary and fiscal policies, giving the central bank more independence.
http://tehrantimes.com
Rouhani vows to slash inflation rate by over 10% by March 2015

TEHRAN – Iranian President Hassan Rouhani says his government plans to decrease the inflation rate to below 25 percent by the end of Iranian calendar year 1393 (March 20, 2015).
In a television interview with Islamic Republic of Iran Broadcasting on Tuesday night, Rouhani outlined his administration’s achievements in their first 100 days in office and his plans for the future.
The inflation rate is projected to be 35 percent at the end of the current Iranian calendar year (March 20, 2014), IRNA quoted Rouhani as saying.
“First, the administration plans to curb the inflation rate and reform the banking system, and then change the method of (cash) subsidy payments,” he added.
Rouhani said his administration inherited an economy with a 5.8 percent contraction rate and an inflation rate of over 40 percent, according to the Central Bank of Iran.
However, the Statistical Center of Iran announced that the inflation rate for the 12-month period that ended on October 22, which was the last day of the Iranian calendar month of Mehr (September 23-October 22), hit 36.2 percent, which was a 0.2 percent rise compared to the previous month.
On October 27, Finance and Economic Affairs Minister Ali Tayyebnia said that the government plans to reduce the inflation rate by 6 to 7 percent by the end of the current calendar year (March 20, 2014), ISNA reported.
Through curbing the runaway liquidity growth in the country, hopefully the inflation rate can be decreased, he added.
Central Bank of Iran Governor Valiollah Seif recently said he will focus on controlling liquidity and bringing down inflation, as President Rouhani has agreed to separate monetary and fiscal policies, giving the central bank more independence.
http://tehrantimes.com