Kian Debt Market Observer

A decrease on bank interest rates is less likely as CBI has decided to stabilize the current official rates.

In this week’s Cabinet meeting, issuance of IRR 100 tr (USD 2.7 bn) Securities Islamic Sukuk for implementing projects and by the subsidiaries of a few ministries was approved. The governor of CBI stated that the negotiations for reducing deposit rates has started in line with banking system reforms and the results have been positive so far.

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