tag Iran bank interest rates

Monetary Loosening Impacts Iran Bank Deposits

EghtesadOnline: The Central Bank of Iran’s policy to cap bank interest rates at 15% effectively changed the composition of deposit contracts signed with financial institutions.
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Publish Date:15/April/2018 | 10:00

CBI Report Reviews Major Policies

EghtesadOnline: In a performance report covering the period since the current fiscal year began in March 2017, the Central Bank of Iran has reviewed its major monetary policies related to reducing bank interest rates, boosting production and empowering people’s purchasing power.
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Publish Date:04/February/2018 | 07:03

MRC Urges Restraint in Gov’t Bond Issuance

EghtesadOnline: The research arm of the Iranian Parliament has warned against the detrimental effects of the government engaging in a widespread issuance of bonds, especially on bank interest rates, and proposed that the Central Bank of Iran act as the official watchdog of the bonds.
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Publish Date:14/January/2018 | 07:52

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'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

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

Bank Rate Cuts to Assist Housing Boom

EghtesadOnline: Lower bank interest rates, which cause more capital to flow toward other sectors including the housing sector, will prove instrumental in triggering a boom in the sector, a board member of Tehran Association of Realtors said.
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Publish Date:13/November/2017 | 07:22

Investment Fund Restrictions to Help Reduce Interest Rates

EghtesadOnline: In what could be another step toward bolstering efforts to reduce the tenaciously high bank interest rates and balance markets, investment funds owned by banks and credit institutions have been slapped with a number of restrictions aimed at returning them to their original mandate.
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Publish Date:07/October/2017 | 05:50

Seif: Rates Cut Benefits Markets

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif has sought to outline the benefits of the policymaker's recent directive to cut bank interest rates, saying it has curbed a surge in liquidity while changing the nature of deposits for the better.
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Publish Date:03/October/2017 | 11:16

CBI Tapping Capital Markets to Moderate Interest Rates

EghtesadOnline: CBI Governor Valiollah Seif has named the newly-formed cordial relationship between the country's monetary and capital markets as a factor for moderating bank interest rates, announcing that consequently, "banks have been allowed to sell some of their bonds in the secondary market".
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Publish Date:21/August/2017 | 13:25

Lawmakers, Bank CEOs Will Discuss Interest Rate Cuts

EghtesadOnline: A top parliamentary economic commission will soon hold a joint session with CEOs of banks to brainstorm and decide new bank interest rates, announced the head of the commission.
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Publish Date:01/August/2017 | 06:13