17.04.2025 09:20
The policy interest rate set by the Central Bank also has a significant impact on vehicle and housing loans. In an interview on Haberler.com with host Abdurrahman Yazıcı, Prof. Dr. Ferhat Pehlivanoğlu commented that after the increase in overnight interest rates, the Central Bank's future decisions may delay a decrease.
The expected downward trend in interest rates has started to diminish. The new policy interest rate decision, which is expected to affect vehicle and housing loans, was discussed in the program presented by Abdurrahman Yazıcı on Haberler.com. Guest Prof. Dr. Ferhat Pehlivanoğlu noted that the overnight interest rate hike signals an increase in the policy interest rate.
Evaluating the current state of the Turkish economy, Pehlivanoğlu made significant statements on various issues, from interest policies to stock market movements, and from gold and silver markets to investor confidence. Especially commenting on the Central Bank's interest rate moves, Pehlivanoğlu also warned investors about critical points they should pay attention to.
HAS THE INTEREST RATE CUTTING POLICY BEEN PUT ON HOLD?
Host Abdurrahman Yazıcı asked his guest about the measures recently taken by the Central Bank. Noting that the Central Bank held an extraordinary meeting following the recent activity in the economy, Prof. Dr. Ferhat Pehlivanoğlu listed the measures taken. Among these measures, he stated that the overnight interest rate hike is a signal that the policy interest rate may be increased. Prof. Dr. Pehlivanoğlu continued his statements: The Central Bank intervened in the markets by raising interbank interest rates. Following political developments, Turkey's risk premiums (CDS) have increased. Legal predictability and political stability are important for investor confidence.
"THE INCREASE IN OVERNIGHT INTEREST IS A SIGNAL OF AN OFFICIAL INTEREST RATE HIKE"
An increase in the overnight interest rate does not immediately mean that the official interest rate will rise. The increase in the overnight interest rate is known as a signal for an official interest rate hike. With the increase in the overnight interest rate, the interest band is pushed upwards, thus widening the gap between the market interest rate and the overnight interest rate. In the next phase, the policy interest rate may increase.