Financial Tribune - In bid to further narrow the rate spread in the interest rate corridor (IRC) the Central Bank of Iran announced that it would raise rates on interbank deposits by 1 percentage points to 13% starting today (Saturday). This comes after almost a week since the CBI increased the rate at which central bank takes deposits from banks,...

Financial Tribune - Interest rates for interbank lending dropped 3.9% in the last fiscal year (March 2019-20) compared to the year before, according to Central Bank of Iran data. The lending rate dropped from an average 19.72% in fiscal 2018-19 to an average 18.95% in the previous year with rates ranging from 16%-23%. A look at interbank deals ...