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.