Interbank Rates at 2-Year-High

Interbank rates continued to climb last week reaching the highest in two years.

According to EcoIran Web TV, rates in the market posted 0.75% growth during the week to February 16, to reach 22.54%.

Interbank rates shot up in the past three weeks. The choppy rates two years ago were seen as a key factor leading to the collapse of the share market. Experts say low interest rates drive liquidity out of banks to the bourse and vice versa.