CBI Chief Implies Higher Interest Rates Possible  

The monetary regulator may consider the possibility of higher interest rates on bank deposits, the governor of the Central Bank of Iran said. 
Speaking on the sidelines of a Cabinet meeting in Tehran Wednesday, Ali Salehabadi did not reject the prospect of raising rates to control inflation. 
“The Money and Credit Council [MCC] has not yet made a final decision,” he said, referring to the top monetary and banking decision-making body, the CBI website reported. 
Implicitly defending higher interest rates, the senior banker said they are a tried-and-tested tool to help tame inflation.