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Interbank Rates at 2-Year-High

EghtesadOnline: Interbank rates continued to climb last week reaching the highest in two years.

Interbank rates continued to climb last week reaching the highest in two years.

According to EcoIran Web TV, rates in the market posted 0.75% growth during the week to February 16, to reach 22.54%.

Interbank rates shot up in the past three weeks. The choppy rates two years ago were seen as a key factor leading to the collapse of the share market. Experts say low interest rates drive liquidity out of banks to the bourse and vice versa.

interbank Interbank Rates