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Iran Interbank Rate Tweak to Impact Interest Rates

Interbank Rate Tweak to Impact Interest RatesInterbank Rate Tweak to Impact Interest Rates

Officials at the Central Bank of Iran have announced the decision to change interbank interest rates in a move that will subsequently impact deposit interest rates, a senior official at the Tehran Chamber of Commerce, Industries, Mines and Agriculture announced.
"Yesterday, decisions were made about interbank interest rates and this rate will change," Hossein Salimi, the deputy head of Money and Capital Commission of TCCIM, also told IBENA on Tuesday.
"The decision to change interbank interest rate will also affect deposit interest rates," he said, adding that the decision is aimed at absorbing liquidity.
 

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