Interest Rate Growth Gathers Pace
Interest Rate Growth Gathers Pace
Sunday, August 19, 2018

Iran: Interest Rate Growth Gathers Pace

Sunday, August 19, 2018

Iran: Interest Rate Growth Gathers Pace

Two major banks have been allowed by the Central Bank of Iran to offer certificate of deposit (CD) at interest rates higher than the current ceiling, reinforcing months-long speculations that the regulator will raise interest rates. 
Bank Melli, Iran’s biggest bank, and Tejarat Bank, a major privatized lender, have been given the go-ahead by CBI in the past two weeks to issue CDs with guaranteed annual yields of 18%, considerably higher than the current legal cap of 15% set by the Money and Credit Council, the country’s top financial decision-making body.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/Eh66ZM
  1. https://goo.gl/Wu7wQT
  • https://goo.gl/ZNWPKk
  • https://goo.gl/UJbESU
  • https://goo.gl/qsUZWY
  • https://goo.gl/Z1vvFX

You can also read ...

Iran has specified the amount of prescription medicines...
Finnish IT Company Renews Iran Contracts
A Finnish provider of telecom information technology solutions...
Iran, Iraq Private Sector Officials Meet in Tehran
The chambers of commerce of Iran and Iraq surveyed ways of...
Tehran Market: Euro and USD Keep Climbing
Foreign exchange rates were again defiant and continued to...
TEDPIX Crosses 170,000 Threshold
Major Iranian stock indexes vaulted to fresh records on...
Iran Bans Tomato Exports Until Further Notice
The Ministry of Industries, Mining and Trade has banned the...
South Africa Eases Visa Conditions for Iranian Traders
Iran's Ministry of Foreign Affairs and South Africa's...
Iran, UK Renew Trade Commitments
High-level trade representatives of Iran and the UK met on...

Add new comment