High Interest Rates Hurting the Volatile Stock Market

Despite persistent warnings by the Central Bank of Iran, banks continue to offer higher interest rates on deposits --  up to 22% and 24%.
There is plenty of evidence of the toxic impact of such high rates on, among other things, the already battered capital market or whatever is left of its past glory. 
Another serious concern about high interest rates is that it adds to the ills of manufactures and in the process undermines the country’s economic climate, a stock market commentator said.