The President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), Rifat Hisarcıklıoğlu, made statements regarding the Central Bank's decision to lower the policy interest rate. In his statement, Hisarcıklıoğlu emphasized that this reduction should primarily be reflected in SME loan interest rates, stating: "The Central Bank has reduced the policy interest rate by 250 basis points to 47.50% after nearly two years. Now it's the banks' turn. We expect them to reflect this reduction primarily in SME loan interest rates and to support production and employment." ATO: HOPEFULATO President Gürsel Baran also reported that the interest rate cut is promising in terms of expectations for 2025. Emphasizing that the interest rate reduction should continue in a way that revitalizes trade, investment, production, and employment, Baran stated, "During this process, we expect banks to lower loan interest rates and support the real sector, especially our SMEs." ANKARA CHAMBER OF INDUSTRY: INTEREST RATE CUT SHOULD REFLECT ON LOANSThe President of the Ankara Chamber of Industry, Seyit Ardıç, shared his opinion: "I would like to emphasize once again the importance of this reduction being reflected as soon as possible in the loans used by our industrialists who are facing financing issues, for the sustainability of our production, employment, and exports."
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