EghtesadOnline: Abdolnasser Hemmati says local banks have no plans for now to increase interest rates because of the state of the economy and bank sector challenges.
EghtesadOnline: Bank Maskan, the state-run agent bank of the housing sector, is considering the possibility of increasing the ceiling of home loans while reducing their interest rates to boost the people's purchasing power that has taken a serious hit due to recent hefty price hikes.
EghtesadOnline: The Central Bank of Iran on Saturday notified a directive to the banking system, which sets foreign currency deposit interest rates and doubles down on the previous promise of guaranteed returns.
EghtesadOnline: Officials at the Central Bank of Iran have announced the decision to change interbank interest rates in a move that will subsequently impact deposit interest rates, a senior official at the Tehran Chamber of Commerce, Industries, Mines and Agriculture announced.
EghtesadOnline: Interest rates on loans to small-sized enterprises will be cut by 8% as per a memorandum of understanding signed between the Ministry of Industries, Mining, and Trade and the Central Bank of Iran, said Sadeq Najafi, the managing director of Iran Small Industries and Industrial Parks Organization on Tuesday.
EghtesadOnline: The Central Bank of Iran has focused on encouraging people to entrust their foreign currency banknotes to the banking system and according to the regulator’s director of the Department for Foreign Exchange Regulations and Policies, banks are allowed to devise their own interest rates on foreign currency deposits.
EghtesadOnline: The U.S. banking sector's dramatic rally post Election Day is likely just a taste of bigger gains to come, as investors expect banks to reap huge benefits from rising interest rates and lighter regulation under a Donald Trump presidency.
EghtesadOnline: Shares rose in Europe and Asia, lifted by gains in financial stocks, while sterling dipped against the dollar before a Bank of England policy meeting expected to deliver a first cut in interest rates since 2009.
EghtesadOnline: The dollar is set to fall 5 percent in the next few months, the Federal Reserve isn’t raising interest rates anytime soon and U.S. economic data is only going to get worse.
EghtesadOnline: The dollar tumbled versus the euro after the Federal Reserve kept interest rates unchanged while underscoring a gradual pace toward tighter monetary policy, casting doubt on officials’ willingness to raise borrowing costs before year-end.