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Iran's Central Bank Mulling Interest Rate Tweaks

CBI Mulling Interest Rate TweaksCBI Mulling Interest Rate Tweaks

A senior Central Bank of Iran official said the bank is conducting studies to "revise" interest rates in the banking system. 
"However, the evaluation of monetary variables and interest rates in particular has always been among the review priorities of the central bank and we will decide about it as per the circumstances," CBI's Vice Governor Akbar Komijani was also quoted as saying on Wednesday. 
Rumors about an interest rate hike have been circulating in recent weeks but officials did not confirm them. The Money and Credit Council, which decides the interest rates and is headed by CBI Governor Valiollah Seif, has also not commented on the issue. 
 

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