ندری

Decreasing the bank interest rate causes increment in the demand for other markets.

Tehran, March 08 (SENA) – Kamran Nadri, a bank expert, uttered in an interview with SENA mentioning the decrement of bank interest rate that in a short period less than a week, the bank interest rate overlapped the Central Bank’s limit and got fixed in a range of 19 and 20.

He added: The Central Bank is also under pressure but it has no intention to increase the bank interest rate so far; this is the amount of money that banks should pay for the lack of their wealth so the banks would appreciate the decrease of it.

This bank expert stated: As long as the banks are seeking a cheaper investment, they are putting the Central Bank under pressure to stabilize or decrease this rate.

Nadri, answering the question of the influence of bank interest rate on the parallel markets, cited: Definitely, by the reduction of this rate, the expenses of supplying wealth and resources for the banks would be lower; therefore, every investment would be interesting and the bank would enter fields of buying stocks, assets etc. with the power of making money.

He continued: The drop of interest rate would increase the demands in all markets and maybe we would observe the first impression of it in bourse, after that the other markets and finally the economy itself.

This bank expert noted that the advantage of the decrease of interest rate would include all markets and its activists and its damage would comprehend the whole country; because it results in making money and recreating inflation.

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