Macroeconomic Forecast Iraq

September 2007 | Macroeconomic Forecasts

The Central Bank of Iraq's tightening policy of the past year has helped drive down inflation. The consumer price index (CPI) measure of inflation for July 07 registered 17% y-o-y, compared too 35% in July 2006. Rising interest rates, which are now at 20%, have also helped strengthen the Iraqi dinar. We currently expect CPI to average 30% y-o-y this year, before easing to 17% y-o-y in 2008.

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