29 Mar 2024
Tuesday 12 May 2020 - 15:58
Story Code : 375704

Iran's CB Data: Interbank rate declines to 18.9%

Financial Tribune - Interest rates for interbank lending dropped 3.9% in the last fiscal year (March 2019-20) compared to the year before, according to Central Bank of Iran data.

The lending rate dropped from an average 19.72% in fiscal 2018-19 to an average 18.95% in the previous year with rates ranging from 16%-23%.

A look at interbank deals in the past fiscal year shows that lending rates were of the descending order. Rates were as high as 19.81% during the first month of last year (March-April 2019) to 18.34% at the last month (ending March 19).
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