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Ankara Chamber of Commerce (ATO) President Baran Evaluated the MB Decision

Ankara Chamber of Commerce (ATO) President Gürsel Baran evaluated the interest rate cut decision of the Central Bank of the Republic

Ankara Chamber of Commerce (ATO) President Baran Evaluated the MB Decision
Yazar: James Gordon

Yayınlanma: 21 Ağustos 2022 23:51

Güncellenme: 28 Mart 2024 17:19

Ankara Chamber of Commerce (ATO) President Baran Evaluated the MB Decision

Ankara Chamber of Commerce (ATO) President Gürsel Baran evaluated the interest rate cut decision of the Central Bank of the Republic of Turkey. Baran stated that banks have limited commercial loan interest rates so that they do not rise above 30 percent.

In the written statement recorded by Ankara Chamber of Commerce (ATO) President Gürsel Baran, following the interest rate cut by the Central Bank, statements were included regarding the measures taken by the real sector to access commercial loans at more favorable interest rates. President Baran made the following assessments in his statement: "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 to make use of these opportunities. With these measures, commercial interest rates were aligned with the Central Bank's policy rate, paving the way for the real sector to continue investment, production, employment and exports. The decisions taken and measures published by our Central Bank are an indication that the voice of the real sector is heard and have been welcomed by our members. It is very valuable that decisions supporting the real sector are put into effect. I would like to thank our President Recep Tayyip Erdoğan, our Minister of Treasury and Finance Nureddin Nebati and our Central Bank Governor Şahap Kavcıoğl and everyone who contributed, especially our President Recep Tayyip Erdoğan, who supports our business world.''
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