Interest rates
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Can Higher Interest Rates Help?
EghtesadOnline: The Central Bank of Iran has floated the possibility of raising interest rates any decision must be first be approved by the Money and Credit Council MCC) before announcement.
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Banks Expected to Raise Interest Rates
EghtesadOnline: Banks say interest rates must rise to keep pace with the high and rising inflation to make deposits attractive for savers. Interest that banks now offer on deposits is, at best,…
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Banks Told Not to Raise Interest Rates
EghtesadOnline: The Central Bank of Iran has again called on banks to observe regulations governing interest on deposits.
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Iranian Private Banks Resist Higher Interest Rates
EghtesadOnline: Private banks and credit institutions are against increasing interest rates, the secretary of Iran's Private Banks and Credit Institutions Council said.
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Interest Rates, Bourse and a Caveat
EghtesadOnline: The Economy Minister Farahad Dejpasand in a letter to banks and credit institutions asked them to comply with interest rates announced by the Money and Credit Council, the top…
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CBI Won’t Raise Interest Rates
EghtesadOnline: The Central Bank of Iran says decline in inflation expectation and relative stability in financial markets obviates the need for higher interest rates.
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CBI Won’t Raise Interest Rates
EghtesadOnline: The Central Bank of Iran has no plan to increase deposit rates, the governor, Abdolnasser Hemmati, said in response to recent rumors about the likelihood of higher interest rates…
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Iran: New Interest Rates Unattractive
EghtesadOnline: New interest rates announced by the Money and Credit Council have failed to convince depositors to park their money in banks, secretary-general of the Iranian Private Banks' Associatio…
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Iran's CB: Open Market Operation Set in Motion
EghtesadOnline: The Central Bank of Iran officially started open market operations as part of its monetary policy to curb inflation, control interest rates in the interbank market and manage…
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ECB's Holzmann Eyes Return to Positive Rates
EghtesadOnline: European Central Bank policymaker Robert Holzmann hopes to see the end of negative interest rates by the time his six-year term ends, he told an Austrian tabloid, praising new…
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Central Bank of Iran Signals No Interest Rate Hikes
EghtesadOnline: Abdolnasser Hemmati says local banks have no plans for now to increase interest rates because of the state of the economy and bank sector challenges.
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Bank Maskan Mulls Offering Bigger Loans With Lower Interests
EghtesadOnline: Bank Maskan, the state-run agent bank of the housing sector, is considering the possibility of increasing the ceiling of home loans while reducing their interest rates to boost…
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Central Bank of Iran Sets Forex Deposit Terms
EghtesadOnline: The Central Bank of Iran on Saturday notified a directive to the banking system, which sets foreign currency deposit interest rates and doubles down on the previous promise of…
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Iran Interbank Rate Tweak to Impact Interest Rates
EghtesadOnline: Officials at the Central Bank of Iran have announced the decision to change interbank interest rates in a move that will subsequently impact deposit interest rates, a senior official…
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Cheap Loans for Small Firms
EghtesadOnline: Interest rates on loans to small-sized enterprises will be cut by 8% as per a memorandum of understanding signed between the Ministry of Industries, Mining, and Trade and the…
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Banks to Decide FX Deposits’ Interest Rates
EghtesadOnline: The Central Bank of Iran has focused on encouraging people to entrust their foreign currency banknotes to the banking system and according to the regulator’s director of the Department…
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U.S. banks' post-election rally may be just an appetizer
EghtesadOnline: The U.S. banking sector's dramatic rally post Election Day is likely just a taste of bigger gains to come, as investors expect banks to reap huge benefits from rising interest…
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Financials lift stocks in Europe and Asia, pound dips before BoE decision
EghtesadOnline: Shares rose in Europe and Asia, lifted by gains in financial stocks, while sterling dipped against the dollar before a Bank of England policy meeting expected to deliver a first…
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Morgan Stanley Warns Currency Traders Worst to Come for Dollar
EghtesadOnline: The dollar is set to fall 5 percent in the next few months, the Federal Reserve isn’t raising interest rates anytime soon and U.S. economic data is only going to get worse.
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CBI Persuing Single-Digit Interest Rates
EghtesadOnline: The Central Bank of Iran remains focused on and committed to lower interest rates and wants to reduce it further to single digits in line with the rate of inflation, said the…
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US Banks Gobble Mortgage Business
EghtesadOnline: Just as mortgage bankers were preparing for the end of a historic boom driven by low interest rates, borrowers have begun knocking at their doors again, Reuters reported.
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Interest Rate Cuts to Continue
EghtesadOnline: Interest rates will continue on the downward slope but it is unclear how much further down it will go, the CEO of the Bank of Industry and Mine said Monday.