Deposit Rates in Iran

In its latest meeting on Tuesday, the Money and Credit Council disregarded mounting pressure for further interest rate cuts from government officials.

An economist says the commercial banks’ inability to meet the increasing demand for loans and has cleared the way for unauthorized and unofficial credit and financial institutions to offer loans…

Large commercial banks are demanding that the Monetary and Credit Council reconsider its decision to deregulate sight deposit rates, Akhbar Bank news website reported on Sunday.

The Central Bank of Iran has deregulated deposit rates for accounts with a fixed term of one year and sight deposits. The decision was announced as the CBI compelled the banks to implement the…

The decision on the long-debated issue of altering deposit and loan interest rates was set to be made today (Tuesday).

The Money and Credit Council chaired by the Central Bank Governor…

T he central bank is pushing to cut interest rates, through the Money and Credit Council, said the bank’s governor, as it tries to keep a balance between curbing inflation and protecting business…

Although one of the most important factor affecting deposit and loan interest rates is the inflation rate, authorities must consider other issues while making policy, a banking official said on…

Bank Sepah has lost a considerable amount in deposits since it reduced fixed interest rates on deposits to the levels set by the Central Bank of Iran a couple of months ago.