Iran's CB Seeks Bourse Stability

The governor of the Central Bank of Iran, Abdolnasser Hemmati, said stability in financial markets is a prerequisite for economic predictably.
“It is on this premise that the central bank wants stability in the stock market,” Hemmati told a group of stock market officials on Thursday.
Underscoring CBI’s efforts to prop up the limping bourse, Hemmati rejected claims that the monetary regulator manipulated interest rates in the interbank market to undermine the share market in the last fiscal year.
He denied CBI intervention in the interbank market in pulling down rates, saying that the sharp decline in interest rates was the outcome of market forces, the CBI website reported.