0
TEHRAN, May 24: Iran’s moderate press and economists on Thursday slammed a decision by President Mahmoud Ahmadinejad to slash interest rates, describing the move as “incomprehensible” and risking “economic suicide”.
The rate cut, which economists said could overheat an already inflationary economy, appeared to have been taken without the knowledge of Iran’s economy minister, who had said exactly the opposite just hours earlier.
—AFP
