Governor of the Central Bank of Iran Abdolnasser Hemmati has denied accusations that the CBI's interest rate policy had a role in the stock market collapse in the last calendar year that ended in March.
Discussing CBI polices with a group of economists via Clubhouse, the newly lunched social media network, Hemmati denied the bank had intervened in the bourse with design and direction.
In recent months stock market authorities, investors and economic experts have singled out the CBI for its implicit role in the market crash accusing it of “manipulating bond and interbank interest rates.” The bank has always denied the charges.
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