Iran Interest Rate

The benchmark interest rate in Iran was last recorded at 14.15 percent. Interest Rate in Iran is reported by the Central Bank of Iran. Interest Rate in Iran averaged 13.74 Percent from 1973 until 2013, reaching an all time high of 19 Percent in 1995 and a record low of 10 Percent in 1979. In Iran, the Central Bank of Iran does not use the benchmark interest rate. Instead, the Central Bank of Iran sets the Bank Profit rates for lending and borrowing. This page provides - Iran Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
14.15 14.15 19.00 10.00 16.00 | 2013/12 1973 - 2013 Percent Yearly

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Iran Interest Rate
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Money Last Previous Highest Lowest Forecast Unit
Interest Rate 14.15 2013-12-31 14.15 19.00 10.00 16.00 2013-12-31 Percent [+]
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Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Iran Current Account at 6092.00 USD Million  
Iran recorded a Current Account surplus of 6092 USD Million in the first quarter of 2013. Current Account in Iran is reported by the Central Bank of Iran.
Iran Gross Fixed Capital Formation at 527189.00 IRR Billion  
Gross Fixed Capital Formation in Iran increased to 527189 IRR Billion in the fourth quarter of 2012 from 383930 IRR Billion in the third quarter of 2012. Gross Fixed Capital Formation in Iran is reported by the Central Bank of Iran.
Iran Inflation Rate at 22.80 Percent  
The inflation rate in Iran was recorded at 22.80 percent in February of 2014. Inflation Rate in Iran is reported by the Central Bank of Iran.
Iran Government Budget at -0.78 Percent of GDP  
Iran recorded a Government Budget deficit equal to 0.78 percent of the country's Gross Domestic Product in 2013. Government Budget in Iran is reported by the Central Bank of Iran.
Iran Current Account to GDP at 8.12 Percent  
Iran recorded a Current Account surplus of 8.12 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Iran is reported by the Central Bank of Iran.
Iran Crude Oil Production at 3200.00 Thousands Barrels per Day  
Crude Oil Production in Iran remained unchanged at 3200 Thousands Barrels per Day in October of 2013 from 3200 Thousands Barrels per Day in September of 2013. Crude Oil Production in Iran is reported by the U.S. Energy Information Administration.
Iran Balance of Trade at 7530.00 USD Million  
Iran recorded a trade surplus of 7530 USD Million in the first quarter of 2013. Balance of Trade in Iran is reported by the Central Bank of Iran.
Iran Imports at 17137.00 USD Million  
Imports in Iran increased to 17137 USD Million in the first quarter of 2013 from 16425 USD Million in the fourth quarter of 2012. Imports in Iran is reported by the Central Bank of Iran.
Iran Exports at 24667.00 USD Million  
Exports in Iran increased to 24667 USD Million in the first quarter of 2013 from 24620 USD Million in the fourth quarter of 2012. Exports in Iran is reported by the Central Bank of Iran.
Iran Industrial Production at -7.70 Percent  
Industrial Production in Iran decreased 7.70 percent in the first quarter of 2013 over the same quarter in the previous year. Industrial Production in Iran is reported by the Central Bank of Iran.
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