tag Iran interest rates

Iran Mortgage Rates Cut Further

EghtesadOnline: 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.
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Publish Date:28/April/2018 | 05:05

Money, Debt Markets Converge on Returns

EghtesadOnline: It took a while, but the Central Bank of Iran’s crackdown on regulating interest rates finally paid off and now the changes seem to have trickled down to the debt market.
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Publish Date:25/November/2017 | 13:12

Banks Sticking to Lower Interest Rates

EghtesadOnline: Since the implementation of the Central Bank of Iran’s directive decreeing banks and credit institutions cap their interests on one-year deposits at 15% from September 2, lenders have largely cooperated, the head of CBI’s Department of Supervision Over Banks and Credit Institutions said.
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Publish Date:19/September/2017 | 09:26

Iran: Interest Rates and the Battle for Deposits

EghtesadOnline: Saturday was the implementation day for the Central Bank of Iran’s latest major directive on bank interest rates, which has already created a momentum in the banking system as lenders are scurrying to absorb the maximum number of deposits.
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Publish Date:04/September/2017 | 07:51

Iran Private Sector Calls for Strict Rate Cut Control

EghtesadOnline: As the Central Bank of Iran issued a new directive on Aug. 23 setting a deadline for banks to reduce their deposit interest rates to 15%, the Iranian private sector demands strict oversight over the implementation of rate cuts since banks are already trying to find a way out of it.
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Publish Date:28/August/2017 | 09:50

Iran's Central Bank Doubles Down on Enforcing Interest Rates

EghtesadOnline: 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 lowered rates.
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Publish Date:26/August/2017 | 06:25

Multilateral Push to Reduce Bank Rates

EghtesadOnline: After a joint meeting held by the members of Majlis Economic Commission, CEOs of state-owned banks and officials of Economy Ministry to discuss different aspects of interest rate cuts, the head of the commission announced the establishment of a committee to further pursue the matter.
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Publish Date:15/August/2017 | 15:59

Banks Neutral on Rate Decision

EghtesadOnline: Iranian banks are reluctant to initiate interest rate cuts, the secretary-general of Private Banks and Credit Institutions Association said.
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Publish Date:30/July/2017 | 07:45

Growth Undermined by High Interest Rates

EghtesadOnline: Calls on the Iranian government to cut interest rates are getting louder, with critics of the current monetary policy arguing that the gap between inflation and interest rates will undermine the manufacturing sector and exacerbate a longstanding recession in industries.
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Publish Date:29/July/2017 | 11:57

TCCIM Discusses Interest Rates, Double-Digit Inflation

EghtesadOnline: A roundtable meeting was held at Tehran Chamber of Commerce, Industries, Mines and Agriculture to discuss bank interest rates and their potential consequences, as well as the return of double-digit inflation rates, review statistics and provide solutions.
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Publish Date:18/July/2017 | 09:09

Nematzadeh Opposes Forced Rate Cuts

EghtesadOnline: As the bank interest rates’ cuts are a hot topic of discussion these days, the minister of industries, mining and trade has said cutting interest rates should not be forced and the resources of lenders need to increase in tandem with economic growth.
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Publish Date:15/July/2017 | 11:42

BMI Urged to Lead Banking Reforms

EghtesadOnline: Economy Minister Ali Tayyebnia has called on Bank Melli Iran, the nation's biggest lender, to be at the vanguard of much-needed reforms in the ailing banking sector by supporting businesses, reducing interest rates and developing Internet banking.
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Publish Date:15/July/2017 | 10:41

Ways to Lower Bank Rates

EghtesadOnline: Bank fees and their forex income should be increased to lower the interest rates in the banking sector, the CEO of Export Development Bank of Iran said.
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Publish Date:10/July/2017 | 07:21

Gov’t to Focus on Interest Rate Cuts

EghtesadOnline: Owing to the importance of bank interest rates for realizing the main goals of Iranian economy, decreasing the rates will play a significant role in the second term of President Hassan Rouhani’s administration, the first vice president said.
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Publish Date:09/July/2017 | 09:30

No Rate Cut in Sight

EghtesadOnline: The meeting of chief executives of banks with the governor of the Central Bank of Iran on interest rates produced no result on Wednesday.
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Publish Date:08/July/2017 | 08:17

Gov't Bonds Not to Blame for High Interest Rates

EghtesadOnline: As the government's issuance of bonds has become a talking point in the controversy surrounding high interest rates, a deputy economy minister said although bond yields could affect bank rates, the debt market should not be blamed for the predicament.
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Publish Date:08/July/2017 | 08:05

Strategies to Curb High Interest Rates in Iran

EghtesadOnline: With interest rates once again in the spotlight, the head of Monetary and Banking Research Institute has proposed three strategies to deal with the punishingly high borrowing rates.
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Publish Date:04/July/2017 | 07:40

Rate Cut Awaits MCC Decision

EghtesadOnline: The Central Bank of Iran and the Money and Credit Council–a decision-making body–are mandated with deciding the interest rates and the banks’ views are only regarded as suggestions, the secretary-general of the Association of Private Banks and Credit Institutions said.
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Publish Date:25/June/2017 | 10:13

Investors in Iran Get the Highest Return on Bank Deposits

EghtesadOnline: A report by Iran Chamber of Commerce, Industries, Mines and Agriculture said that during the first quarter of the current fiscal year that began on March 21, the money market registered the strongest performance in terms of returns on investment.
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Publish Date:20/June/2017 | 09:37