Control Over Interbank Lending Here to Stay: CBI

EghtesadOnline: The Central Bank of Iran says it will continue to control rates in the interbank market in line with the government’s declared policy to support the capital market.

News ID: ۷۵۱۹۲۸

24 October 2022

Interbank rates are under scrutiny of the regulator and in this fiscal year (started in late March) remained in the 21% bracket set earlier by the CBI, head of the CBI Monetary and Credit Affairs said.

“Last year too we did not see sharp fluctuations in interbank rates. The government set a cap of 20% and the average rate hovered around 20.3% throughout the year,” Mohammad Nadali was quoted by IBENA as saying.