Iran needs to overhaul monetary operating framework – IMF
Absence of policy rate and emergency lending facilities is creating instability, fund warns
The Central Bank of the Islamic Republic of Iran urgently needs to overhaul its monetary framework, as the absence of important policy tools is fuelling instability, a report by the International Monetary Fund warns.
"The monetary policy framework in Iran has resulted in high and volatile inflation," the fund says in a document published alongside its Article IV report on the country. Iran has suffered from periods of "sustained high inflation", in contrast to many emerging markets.
Part of the
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