EghtesadOnline: Iran's highest financial decision-making body has approved further cuts in interest rates to make the most attractive home loans cheaper and more affordable.
EghtesadOnline: Stocks don’t have much going for them these days. The combined threats of rising interest rates, weakening growth in global commodity prices and lingering political risks have dented investors’ sentiment, leading to a quiet week for equities.
EghtesadOnline: Iran’s debt market is witnessing a creeping growth in its yield to maturity over the trading of a new batch of Islamic Treasury Bills on Iran Fara Bourse.
EghtesadOnline: Iranian banks still have to pay high interests on their deposits while their income from loan allocations has dropped significantly due to a serious credit crunch, increasing their losses and ruining the balance of their financial statements.
EghtesadOnline: A few months into the implementation of a Central Bank of Iran directive that meant changes for the banking system, depositors and markets, the regulator’s deputy for economic affairs has deemed it a successful scheme for giving rise to positive results.
EghtesadOnline: It took a while, but the Central Bank of Iran’s crackdown on regulating interest rates finally paid off and now the changes seem to have trickled down to the debt market.
EghtesadOnline: In what could be another step toward bolstering efforts to reduce the tenaciously high bank interest rates and balance markets, investment funds owned by banks and credit institutions have been slapped with a number of restrictions aimed at returning them to their original mandate.
EghtesadOnline: Since the implementation of the Central Bank of Iran’s directive decreeing banks and credit institutions cap their interests on one-year deposits at 15% from September 2, lenders have largely cooperated, the head of CBI’s Department of Supervision Over Banks and Credit Institutions said.
EghtesadOnline: As if the recent gold rally was not enough of a surprise, the precious metal continued to gain in strength in Tehran's market–this time fueled by the Central Bank of Iran's decision to get tougher on the interest rate cut's implementation.
EghtesadOnline: Saturday was the implementation day for the Central Bank of Iran’s latest major directive on bank interest rates, which has already created a momentum in the banking system as lenders are scurrying to absorb the maximum number of deposits.