The monetary regulator may consider the possibility of higher interest rates on bank deposits, the governor of the Central Bank of Iran said.
Speaking on the sidelines of a Cabinet meeting in Tehran Wednesday, Ali Salehabadi did not reject the prospect of raising rates to control inflation.
“The Money and Credit Council [MCC] has not yet made a final decision,” he said, referring to the top monetary and banking decision-making body, the CBI website reported.
Implicitly defending higher interest rates, the senior banker said they are a tried-and-tested tool to help tame inflation.
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