Interbank Rates in Steady Decline

Interest rate in the interbank market declined by 1.6 percentage point in the last calendar month to Nov.20. 
"The interbank rate declined steadily to draw nearer to caps set by the regulator," the Central Bank of Iran said in a notice published on its website. 
It declined from 23.2% on Oct.29 to 21.6% on Nov. 19 and the trend continued to reach 20.7% on Nov. 26.