EghtesadOnline: 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.
EghtesadOnline: The Central Bank of Iran has sent another signal that it is about to raise interest rates. It has allowed banks and credit institutions to renew one-year deposit contracts that had been struck during the 10-day grace period after which the bank lowered the interest rates.
EghtesadOnline: Two major banks have been allowed by the Central Bank of Iran to offer certificate of deposit (CD) at interest rates higher than the current ceiling, reinforcing months-long speculations that the regulator will raise interest rates.
EghtesadOnline: A senior Central Bank of Iran official said the bank is conducting studies to "revise" interest rates in the banking system.