Deputy Central Bank Governor: Inflation under control, did not reach to the level of risk
Posted: October 11, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics
Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, that monetary policy is able to reduce the rate of inflation in Iraq through to take the necessary measures to reduce it, indicating that inflation is now under control by the central bank was not up to the level of risk.
The Saleh in a statement to the Agency (news) on Tuesday: that the monetary policy of the Central Bank is able to take the necessary steps and actions necessary to curb inflation happening in Iraq, through the control of the proportion of cash as much as possible and to influence the external value of money, in addition to the use of some policies as a policy exchange rate or interest in order to reduce the rate.
Salih stressed that inflation is under control, unlike conversations exaggerated that it reached the extent of risk, and continued: it becomes more serious when a proportion of tied places and now is the rank of one decimal.
The Deputy Governor of the Bank Central: In the past, the inflation rate not exceeding (3%) and now (4%) due to the world’s expectations of inflation, which led to increased wages for real estate and food and so on, making the inflation build themselves and moving upward, calling for monetary policy to take the tools necessary and procedures necessary to halt the inflationary expectations and reduce the constant increase it.
[CENTER][COLOR=#b22222][B][SIZE=3]"Truth is everlasting, but our ideas about truth are changeable. Only a little of the first fruits of wisdom, only a few fragments of the boundless heights and depths of truth, have I been able to gather"[/SIZE] [/B][/COLOR][/CENTER]