Iran

Photo: Iranian administration plans to reduce bank interest rates | Business
20 December 2014, 09:38

Iranian administration plans to reduce bank interest rates

The Iranian administration plans to reduce bank interest rates, the country's Finance and Economic Affairs Minister Ali Tayyebnia said. He said the issue is being discussed by the cabinet of ministers, Iran’s IRNA news agency reported on Dec. 19. Considering that the inflation rate has decreased from 40 percent to 17 percent, it s expected naturally that bank interest rates to be decreased, as well, he added. Previously, the Money and Credit Council decided to lower interest rates to 22...