Control Over Interbank Lending Here to Stay: CBI

The Central Bank of Iran says it will continue to control rates in the interbank market in line with the government’s declared policy to support the capital market.
Interbank rates are under scrutiny of the regulator and in this fiscal year (started in late March) remained in the 21% bracket set earlier by the CBI, head of the CBI Monetary and Credit Affairs said.
“Last year too we did not see sharp fluctuations in interbank rates. The government set a cap of 20% and the average rate hovered around 20.3% throughout the year,” Mohammad Nadali was quoted by IBENA as saying.