Istanbul Chamber of Commerce President Avdagiç Calls for a 3-Point Reduction in Loan Interest Rates - Dünya Newspaper
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Istanbul Chamber of Commerce (ITO) President Şekib Avdagiç stated that they observed the Central Bank being somewhat more cautious regarding interest rates, saying, "The first sign was the closing of this 3-point window. Therefore, my prediction for the upcoming Monetary Policy Committee (MPC) meeting is that this 3-point window will be implemented, but interest rates will remain at this level for some time."
Istanbul Chamber of Commerce President Avdagiç Calls for a 3-Point Reduction in Loan Interest Rates.
Istanbul Chamber of Commerce President Şekib Avdagiç stated that they expect the 3-point decrease in loan interest rates achieved with the resumption of repo auctions to be reflected in banks' loan rates as well. Avdagiç said that the reduction...
Economy - ITO President Avdagic said: “We believe that credit restrictions for SMEs should be moved to a more reasonable point so that this positively affects the value and payment chain in the market.”
Istanbul Chamber of Commerce (ITO) President Şekib Avdagiç said they expect the 3-point reduction achieved through the return to repo auctions to also be reflected in loan interest rates. Pointing to the beginning of this week, Avdagiç also called for a relaxation of credit restrictions for SMEs.
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