Ankara Chamber of Commerce (ATO) President Gürsel Baran, Central Bank of the Republic of Turkey interest Stating that the banks limited the commercial loan interest rates to not exceed 30 percent with the measures taken after the reduction, he said, “The decisions taken by our Central Bank and the measures it has published are an indication that the voice of the real sector is heard and they have been welcomed by our members.” used the phrase.
In his written statement, Baran evaluated the measures taken by the Central Bank for the real sector to access commercial loans with more favorable interest rates after the interest rate cut.
Pointing out that the interest rates exceeding 45 percent and the inability to access credit limit the mobility of the real sector, Baran said:
“In this period when the global economy is dealing with many risks, new investment and production opportunities are emerging for our real sector. Our business world needs support in order to make use of these opportunities. With these measures, commercial interest rates are aligned with the policy rate of the Central Bank, and investment, production, employment and exports are increased. The real sector’s way has been cleared for its continuation. The decisions taken and the measures published by our Central Bank are an indication that the voice of the real sector is heard and they were welcomed by our members.”
Baran emphasized that with the said regulation, the commercial interest rates, which reached 45 percent, were removed from the agenda.
Emphasizing that the interest rates to be applied by the banks will be in line with the 13 percent rate determined by the Central Bank, Baran said:
“The implementation of decisions that support the real sector is very valuable. I would like to thank our President Recep Tayyip Erdoğan, our Minister of Treasury and Finance Nureddin Nebati, and our Central Bank President Şahap Kavcıoğlu, who supported our business world, and everyone who contributed.”