Middle East Economic Survey


No 16



CBI Lowers Bank Rates Slightly

The Governor of the Central Bank of Iran (CBI) Mahmoud Bahmani on 12 April announced new bank interest rates for the year starting 21 March, following the approval by the government of the CBIs supervisory and policy making recommendations. Mr Bahmani said that, considering the fall in the inflation rate, the maximum interest rate on savings is reduced to 17.5% from 19.0%, while the interest rate on trade...