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Minister of Treasury and Finance Nureddin Nebati Talked About Loan Interest Rates
"We have an expectation that loan interest rates will converge to the Central Bank interest rates," said Minister of Treasury and Finance...
Yazar: James Gordon
Yayınlanma: 24 Ağustos 2022 03:23
Güncellenme: 22 Kasım 2024 10:58
Minister of Treasury and Finance Nureddin Nebati Talked About Loan Interest Rates
"We have an expectation that loan interest rates will converge to the Central Bank interest rates," said Minister of Treasury and Finance Nureddin Nebati in the program he attended.
Minister of Treasury and Finance Nureddin Nebati touched upon the agenda issues while answering questions in the program he attended. Minister Nebati made the following statements in his speech: ''We limited the increases in rents to 25 percent due to high inflation. As you have been watching recently, both housing prices and rents have started to normalize. We have taken very important steps in wages. We provided a 50 percent increase at the beginning of the year. We provided ten points of this by waiving income and stamp tax, and then we took steps to ensure that low-income and fixed income earners breathe easier by making increases in July. We have two very important projects with our relevant ministries in the areas where our low-income people have problems. We have carried out our final work, and they will be announced when Mr. President puts the finishing touches on the cabinet. We have the most advanced health system in the world. Infrastructure investments were made in every field you can think of, from transportation to technology, science and defense industry. Today, the fact that Mr. President has made very important promises, especially in foreign affairs, shows how effective the steps taken in 20 years have been."Loan Interest Rates
''Loans are encouraged to be extended below 23 percent. We have an expectation that loan interest rates will converge to the Central Bank interest rates. We aim to eliminate the complaints that we cannot access loans, the rates on loans are high. It is a method of invoicing loans and making them available for their intended purpose. They create an atmosphere as if we will pay the amount in the current account deficit on December 31st. In 2021, our current account deficit was 13 billion dollars. Turkey has overcome this. During the 2008 crisis and many other problems, Turkey did not experience balance of payments problems.''İLGİLİ HABERLER
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