Economy / Iraq
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Macroeconomic Forecast Iraq
September 2007 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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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.