Interbank Rates Lower 

Interbank rates declined 0.07% last week after rising for several weeks, Central Bank of Iran data said. 
Rates reached the highest levels in seven years in the previous weeks, According to EcoIran Web TV, rates were up 0.1% during the week to April 26 to reach 23.62%. 
Interbank rates have shot up in two months. The choppy rates two years ago were seen as a key factor leading to the near collapse of the share market. Experts say low interest rates drive liquidity out of banks to the bourse and other assets and vice versa.
Market observers are of the opinion that the increase in rates, among other things, is indicative of the liquidity crunch in banks operating in the interbank market despite the central bank’s efforts to tame the uptrend with expansionary policies.