The Central Bank of Iran is considering the possibility of lowering mortgage interest rates. Head of the CBI credit department, Ali Asghar Mirmohammad Sadeqi, said. Regarding the recent cut in lending rates, he said the CBI is also considering subsequent cuts in a broad range of loans related to the housing sector, Fars news agency reported. He ...

The plan proposed last year by Bank Maskan (Housing Bank) to increase the mortgage ceiling from 350 million rials to 600 million rials ($21,000 at official exchange rate) is now being assessed by the Central Bank of Iran (CBI), said CBI's deputy for credit affairs Ali Asghar Mirmohammad-Sadeghi. At a news conference held Tuesday, the official noted ...