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By bne Tehran bureau Iran’s interbank lending rate decreased slightly to 23.72% in the week ending October 31, down from 23.76% the previous week, according to Central Bank of Iran data. The weighted average rate has been hovering above 23% as the central bank maintains tight monetary policy amid persistent inflation pressures and currency volatility including the devaluation of the Iranian rial. The interbank rate serves as a key benchmark for Iran’s money market and influences broader lending rates across the banking system. The central bank closely monitors this rate as part of its efforts …

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