Return of Liquidity Growth from Its Peak

Abdolnaser Hemmati, the Governor of the Central Bank, recently announced: "The five-month liquidity growth at the end of August compared to the end of the year 1404 has been 19 percent." Investigations by 'Donya-e-Eqtesad' indicate that in this case, the year-on-year liquidity growth in August has reached 54.3 percent. The year-on-year liquidity growth had risen from 27.7 percent in Bahman 1403, after following an upward path, to a peak of 56 percent. Now, with the new statistics from the Governor of the Central Bank, the liquidity growth rate has slightly retreated to a level of 54.3 percent. Despite this decrease, liquidity growth remains at a high level. The Central Bank's disciplinary policies and controlling liquidity growth are essential for curbing inflation; however, they are not sufficient on their own, and sustainable inflation control requires a combination of monetary discipline, government expenditure control, and reduction of external tensions. Lifting the blockade and sanctions is also important for strengthening economic supply. Additionally, experts believe that the regular announcement of monetary and banking statistics by the Central Bank, instead of verbal announcements, is a more professional and accurate approach.