IRNA Iran's Central Bank said on Monday that cutting interest rates aims to channel liquidity to the manufacturing sector and stem inflation adding that it has adopted appropriate measures for management of market liquidity envisaged at 2,472 trillion tomans by the end of the Iranian year (March 2020).
CBI released an excerpt of Iran's economic ...
Financial Tribune - Governor of the Central Bank of Iran Abdolnasser Hemmati has announced the bank's decision to alter the liquidity structure by curbing money supply and lowering bank rates.
According to Fars News Agency, Hemmati made the announcement this week in a talk with reporters and said the move marks a major shift in CBI monetary policy....
Al-Monitor | Maziar Motamedi: As the rialfails to regain lost ground and Iran's markets are imperiled by a high volume of liquidity, the country's monetary regulator may be left with no choice but to raise interest rates. The recent actions of the Central Bank of Iran(CBI)have reinforced months of speculationthat an about-face on bank depositrates ...
Financial Tribune- The Central Bank of Iran has focused on encouraging people to entrust their foreign currency banknotes to the banking system and according to the regulators director of the Department for Foreign Exchange Regulations and Policies, banks are allowed to devise their own interest rates on foreign currency deposits.
CBIs interest ...
Al Monitor | Navid Kalhor: Real interest rates in Iranian money markets have risen to all-time highs under the administration of President Hassan Rouhani. This is due to the sharpreduction in inflation, which the administration boastfully declares as its cornerstone achievement. Nonetheless, the rise in real interest rates has mostly occurred on the ...
Financial Tribune|Maziar Motamedi: Saturday was the implementation day for the Central Bank of Irans latest major directive on bank interest rates, which has already created a momentum in the banking system as lenders are scurrying to absorb the maximum number of deposits.
As per the directive, banks and credit institutions were obligated to refrain ...
Financial Tribune- CBI Governor Valiollah Seif has named the newly-formed cordial relationship between the country's monetary and capital markets as a factor for moderating bank interest rates, announcing that consequently, "banks have been allowed to sell some of their bonds in the secondary market".
A committee comprising the Ministry of Economic ...
Financial Tribune- Iranian banks have no plans to further lower interest rates until the end of the current fiscal year that ends on March 20.
Ali Asghar Mir-Mohammad Sadeqi, director of Central Bank of Irans Credit Department, said lowering interest rates is unlikely until the end of the year, considering the current state of the economy and the ...
The Majlis Economic Commission approves lowering banking interest rates to 12%, but a prerequisite for that would be stabilization of the inflation rate, says the commissions chairman.
We are in favor of lower bank deposit and lending rates in accordance with the inflation rate and the return on investment (ROI) rate, Mohammad Reza Pour Ebrahimi ...