Abacus: A banking disruption in the service of the Central Bank
The U.S. Federal Reserve took 11 months to halve inflation and raised interest rates 11 times. The Central Bank of the Islamic Republic of Iran claims that it did the same in one month without changing the interest rate. In this Abacus segment, Mohammad Masheenchian reviews the July inflation report and the calendar of a one-month banking disruption to examine how this claimed success was achieved and who paid its cost.


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