06.03.2025 19:32
The Central Bank of the Republic of Turkey lowered the policy interest rate by 250 basis points in March, reducing it from 45% to 42.5%. Economist Prof. Dr. Seyfettin Erdoğan made evaluations to Melis Yaşar at Haberler.com. Erdoğan stated that deposit interest rates would fall below 50%, that loan interest rates would decrease, and that there would be an increase in exchange rates.
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The Central Bank of the Republic of Turkey decided to cut interest rates in March. The policy rate was reduced by 250 basis points to 42.5 percent. Economist Prof. Dr. Seyfettin Erdoğan evaluated the impact of this decision on the markets in an interview with Melis Yaşar at Haberler.com. Erdoğan pointed out the downward trend in deposit and loan interest rates while also expressing expectations for a revival in the real sector.
"DEPOSIT INTEREST RATES WILL FALL BELOW 50%"
After the Central Bank's decision to cut interest rates, how deposit interest rates will shape up has become a matter of curiosity. Prof. Dr. Seyfettin Erdoğan stated that with the decrease in interest rates, deposit interest rates will decline below 50%. Erdoğan noted, "The decrease in the policy rate will also lead to a reduction in loan interest rates," indicating that banks will also revise their loan interest rates downward.
"MOVEMENT IN THE REAL SECTOR IS EXPECTED"
Evaluating the economic implications of the decrease in interest rates, Erdoğan emphasized that there will be activity in the real sector, especially in the construction sector. He stated, "We can see a tendency for movement in the real sector, especially in the construction sector," and noted that the low-interest environment will encourage investors.
"AN INCREASE IN EURO AND DOLLAR IS EXPECTED"
Evaluating the effects of the interest rate cut on the foreign exchange market, Erdoğan expressed that there could be an increase in the euro and dollar exchange rates. He stated, "There will be an increase in the euro and dollar," adding that the decrease in interest rates could increase demand for foreign currency. According to Erdoğan, this situation could affect import costs and create inflationary pressure.
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