Iran's interbank market interest rate remained unchanged at 24% for the week ending October 14, marking the third consecutive week of complete stability in the country's money market, the Central Bank announced on October 15.
According to statistics published by the Central Bank of Iran in its interest rate section, the average interbank market rate was fixed at 24% with no change from the previous week.
Official Central Bank data showed the interbank market rate has remained within a very limited range between 23.99% and 24% from September 10 to October 14.
Throughout this period, secondary money market indicators, including the minimum repurchase agreement rate, have remained fixed at 23%.
The Central Bank's announced base rates for regular deposits at 17% and regular lending at 24% have been repeated without change throughout October.
These figures indicate the Central Bank's disciplinary policy in controlling liquidity fluctuations and stabilising short-term money market expectations continues.
Analysts emphasise that the continued stability in the interbank market rate results from active management of open market operations and timely provision of liquidity resources for banks through repurchase agreements and regular deposit-taking.
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