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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The Central Bank of Iraq decides to reduce interest to 5.5% in order to support economic growth

    Rocky
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    The Central Bank of Iraq decides to reduce interest to 5.5% in order to support economic growth Empty The Central Bank of Iraq decides to reduce interest to 5.5% in order to support economic growth

    Post by Rocky Yesterday at 4:49 am

    The Central Bank of Iraq decides to reduce interest to 5.5% in order to support economic growth

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    The Central Bank of Iraq decided to reduce the interest rate from 7.5% to 5.5%, after the inflation rate decreased in Iraq.
    According to the Ministry of Planning, the inflation rate has fallen from 8% to less than 3%.
    Deputy Governor of the Central Bank, Ammar Hamad, said, "Based on the monetary policy orientations to enhance access to targeted inflation rates in a manner that does not conflict with the expected economic growth rates, and is consistent with the policy of developing deposits and increasing credit rates aimed at targeting projects, the Board of Directors of the Central Bank decided to reduce the monetary policy rate to 5.5% instead of 7.5%."
    He added that the securities, namely Islamic deposit certificates and traditional transfers, were reactivated according to an annual plan with two terms, 14 days with a return of 4% and 182 days with a return of 5.5%.
    He stressed that the maximum investment limit does not exceed 50% of the total private sector deposits at the bank.
    The Central Bank stressed that the bank's investment ceiling in a single auction does not exceed 500 billion dinars.


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