Reduction of interbank interest rate to 23.43%
According to Iran Economist, the interbank interest rate reached 23.43 percent in the week ending on Wednesday, April 23, with a slight decrease compared to last week.
The new report of the Central Bank of the interbank interest rate shows that this rate went down by 3 hundred percent last week and reached 23.43 percent.
The interbank interest rate has decreased from 23.46% in the week ending April 16 to 23.34% in the week ending April 23.
Therefore, according to the report, the upward trend of interbank interest rates started in February of last year; From the week ending December 30th, the interbank interest rate entered the 21% channel and until the week ending February 19th, it fluctuated in the same channel, but from February 26th, this rate set a new record in the 22% channel, and now this rate is in the 23% channel. It fluctuates.
In response to the increase in the interbank interest rate, the central bank increased the corridor from 14% to 22% to 17% to 24%. The interbank interest rate, however, is once again approaching the ceiling of its new corridor, and it should be seen that The central bank will allow this ceiling to be broken or not.
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