Key data points
Last release
—
Observation period
Apr 2024
Next release
—
Forecast
—
Highest
23.00% on Apr 30, 2024
Lowest
10.00% on Dec 31, 1983
About Iran Interest Rate
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.
Frequently Asked Questions
Iran Interest Rate is 23% at the moment.
Last month Iran Interest Rate was 23%, and the month before that it amounted to 23%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.