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Interest Rate

  • EghtesadOnline: Mohammad Hashem Botshekan, former managing director of Bank Maskan, the state agent bank of the housing sector, calls for single-digit interest rates to help low-income borrowers take out loans for purchasing a house.

  • EghtesadOnline: The Central Bank of Iran again raised the lower bound of interest rate corridor (IRC) in the interbank market to further narrow the interbank interest rate spread.

  • EghtesadOnline: In bid to further narrow the rate spread in the interest rate corridor (IRC) the Central Bank of Iran announced that it would raise rates on interbank deposits by 1 percentage points to 13% starting today (Saturday).

  • 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.