IMF mission to Iran urges monetary tightening to ‘entrench' recent disinflation

The Central Bank of Iran
Ensie & Matthias/Flickr

The Central Bank of Iran's (CBI) mandate needs to be simplified to place greater emphasis on price stability, an International Monetary Fund Article IV mission to the country has concluded, about a week after the first tranche of frozen reserves was made available to the central bank following a partial lifting of sanctions imposed on the country by the international community.

"Iran now stands at a crossroads," says a statement from Martin Cerisola, assistant director for the IMF's Middle East

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