The interbank interest rate reaches below 20.5%

In an interview with Iran Economist, Majid Eshghi emphasized that the stock exchange organization emphasizes that the interbank interest should reach an average of 20% according to the approval of the economic headquarters of the government. . This rate was increasing especially since the beginning of this year, but in a meeting which we had with the head of the central bank, it was agreed that its upward trend will be stopped.

He continued: Also, in the aforementioned meeting, it was agreed that the interbank interest rate will decrease and reach below 20.5%. There are other discussions about interbank interest. In fact, the concern of inflation is raised and there are different views about the effect of the increase in the bank interest rate on the inflation rate. These views are advanced in expert discussions.

Interbank profit trend in recent weeks had an upswing And at the end of last month, it reached 21.31%, which registered a significant growth, because this figure is the highest recorded number of this profit since February 2019. This rate, which is one of the types of interest rates in the money market, directs interest rates in other markets, is actually the price of banks’ reserves, and when they have a reserve deficit at the end of the short-term financial period, either daily or weekly, from Other banks borrow in the interbank market or from the central bank.

Economic experts consider the increase in the interbank interest rate to be an important factor in reducing inflation, provided that it is continuous and significant, but stock market experts consider the increase in this rate to be one of the factors influencing the formation of a negative trend in the capital market, and they believe that the decrease in the bank interest rate can It plays an important role in the movement of liquidity from the bank to the capital market and causes the capital market to flourish.