The governor of the Central Bank of Iran reiterated that increasing interest rates is a compulsion. Addressing senior bankers, Mohammad Reza Farzin asked banks to follow rules on the cap on…
Bank Interest Rates in Iran
A week after the economy minister asked banks to abide by the CBI policy on deposit and lending rates, the governor of the Central Bank of Iran communicated the same to CEOs of banks. In…
New interest rates announced by the Money and Credit Council have failed to convince depositors to park their money in banks, secretary-general of the Iranian Private Banks' Association said. “…
The Money and Credit Council has allowed lenders to raise interest on term deposits, a move seemingly to curb the scale and scope of money flooding into some financial markets and to avoid…
Abdolnasser Hemmati says local banks have no plans for now to increase interest rates because of the state of the economy and bank sector challenges.
Governor of the Central Bank of Iran Abdolnasser Hemmati has announced the bank's decision to alter the liquidity structure by curbing money supply and lowering bank rates. According to…
A decision by the Money and Credit Council – a policymaking body - to scrap overnight interest payments has yet to display its full force but the development has become a topic of hot debate…
A new decision approved by the Money and Credit Council obliges banks and credit institutions to pay interest on deposits on a monthly basis, calculating the minimum balance in a month as the…
The Central Bank of Iran has sent another signal that it is about to raise interest rates.
It has allowed banks and credit institutions to renew one-year deposit contracts that had…
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…
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…
A senior Central Bank of Iran official said the bank is conducting studies to "revise" interest rates in the banking system.
Governor of the Central bank of Iran Valiollah Seif has advised foreign currency depositors to be wary of banks’ credibility and behavior when trusting their hard currency with them. Seif…
Iran's highest financial decision-making body has approved further cuts in interest rates to make the most attractive home loans cheaper and more affordable.
The entity also eased…
As if the recent gold rally was not enough of a surprise, the precious metal continued to gain in strength in Tehran's market–this time fueled by the Central Bank of Iran's decision to get…
While more than a year has passed since bank deposit interest rates were officially set at 15%, the Central Bank of Iran has now set a deadline through its latest directive to enforce the…
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A member of the Expediency Council, which resolves disputes between the parliament and the constitutional watchdog Guardians Council, has joined a string of officials and observers in calling for…
A banking official admits a significant rise in the interbank interest rates, but denies reports that put the rates as high as 24%.
“Interbank interest rates have increased from 16% to 21%…
Should banks that offer interest rates higher than those officially set by the regulator refrain from heeding warnings by the Central Bank of Iran, they should await serious disciplinary action,…
