Bank Interest Rates in Iran
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January 21,2023The 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... -
April 18,2021A 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 a...
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March 05,2021The Central Bank of Iran says decline in inflation expectation and relative stability in financial markets obviates the need for higher interest rates. Abdolnasser Hemmati, the CBI boss, in a...
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July 17,2020New 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. “It...
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July 15,2020The 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 further...
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April 15,2019Abdolnasser Hemmati says local banks have no plans for now to increase interest rates because of the state of the economy and bank sector challenges.
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April 12,2019Governor 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 Fars News...
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January 27,2019A 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 among...
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December 23,2018A new decision approved by the Money and Credit Council obliges Iranian banks and credit institutions to pay interest on deposits on a monthly basis, calculating the minimum balance in a month as...
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August 24,2018The 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 been struck...
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August 18,2018Two 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...
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July 18,2018Officials 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...
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July 11,2018A 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...
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April 27,2018Governor 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 referred...
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April 25,2018Iran'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 conditions for...
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September 03,2017As if the recent gold rally was not enough of a surprise, the precious metal continued to...
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August 23,2017While more than a year has passed since bank deposit interest rates were officially set at...
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May 27,2017A member of the Expediency Council, which resolves disputes between the parliament and the...
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November 20,2016A banking official admits a significant rise in the interbank interest rates, but denies...
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November 09,2016Should banks that offer interest rates higher than those officially set by the regulator...
