MÜSİAD Expects Interest Rate Cuts: 100 Basis Points Each Until the End of the Year.
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MÜSİAD President Burhan Özdemir stated that he finds the expectation that the Central Bank will implement 100 basis point interest rate cuts until the end of the year "reasonable".
While wondering when the Central Bank will begin its interest rate cuts, an assessment of the matter came from MUSIAD. MÜSİAD President Burhan Özdemir said that steps of 100 basis points in the interest rate cuts that the TCMB will carry out by the end of the year are reasonable.
MÜSİAD President Burhan Özdemir considered the expectation that the Central Bank of Turkey (TCMB) will implement 100 basis point interest rate cuts until the end of the year as "reasonable." Emphasizing that interest rate cuts should support production rather than increase consumption, Özdemir also stated that additional orders have been placed with Turkey from Europe due to geopolitical uncertainties.
MÜSİAD President Burhan Özdemir answered questions from Bloomberg HT, offering his assessments on monetary policy, the Medium-Term Program (MTP), the current capacity of the industry, and the export outlook. The Central Bank of Turkey's (TCMB) year...
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