IBENA- We are committed to Central Bank announcing its policies in a transparent environment and implementing them, Mohammadreza Farzin, Governor of Central Bank, at 30th Annual Monetary policy and Foreign Exchange Congress, referring to what Central Bank has done and wants to do, stated.
Stabilization policy means the policies and actions designed by government and central bank during the period of economic instability (recession, inflation, unemployment, debt crisis, etc.) to restoring stability to the economy; Therefore, we mean macroeconomic indicators and our goal is to control inflation, referring to occasions and economic stabilization policies, by presenting a definition of stabilization policy, he said.
To implement a policy, we must do it through the framework of a scientific theory. Our theory is economic stabilization, Governor of Central Bank pointed to leadership's statement about control of inflation and said.
The exchange rate in our economy is the main factor of economic instability and economic stabilization is necessary in this regard. Referring to the opinions of different schools for the entry of policy makers and intervention to control instabilities, he said: We cannot be waiting until the economy stabilizes by self and to make stability must be intervened, He stated.
"We recognize, set of policies that central bank and other economic institutions carry out as stabilization policy, Farzin said. "After the statements of Leader, we formulated a plan to control inflation and growth of production, and it has been put on the agenda after approval by the government." Of course, we are not oblivious to financial policies, and these financial and monetary policies must be coordinated to be effective, Governor of Central Bank added.
