Central Bank of Iran to run open market operation again
TEHRAN, Iran, Feb.15
The Central Bank of Iran (CBI) is to run the open market operation again on February 19 to manage interbank market liquidity need, said the CBI public relations, Trend reports citing IRNA.
The CBI position over further purchase or sale of government securities for its debts to central bank will be announced on February 17 based on the latest prediction over interbank market liquidity situation in order to reduce fluctuation,
Following the announcement, the banks and credit institutes can perform in interbank market and manage liquidity.
The Central Bank of Iran has previously announced that the bank has sent its order to purchase government security bonds in limited volume via interbank market.
The CBI's policy to launch open market operation was approved by the Money and Credit Council to implement new instruments for regulating interest rates, curb inflation, and develop a regulated framework for controlling banks’ borrowings.