The Central Bank's interest rate decision is eagerly awaited... Prof. Dr. Serap Durusoy commented for 12punto
As the Central Bank's interest rate decision is eagerly awaited, Prof. Dr. Serap Durusoy stated in her comments to 12punto that she expects interest rates to be kept constant, but that this alone is not sufficient.
Şenol Çarık
Şenol ÇARIK - 12punto.com.tr
While the Central Bank's interest rate decision to be made this week is eagerly awaited, experts are expressing different views.
Prof. Dr. Serap Durusoy, in her comments to 12punto, stated that she expects interest rates to be kept constant, but that this alone is not sufficient. Emphasizing the importance of public savings and fiscal discipline, Durusoy argued that this should not be achieved at the expense of consumers and wage earners.
While Durusoy's statements brought the importance of public savings to the agenda once again, she also touched upon the statement made by President Recep Tayyip Erdoğan today that "public savings are the primary priority." Durusoy noted that this rhetoric is overdue and that what is truly important is for this rhetoric to be transformed into action.
What the interest rate decision will be and how the discussions on public savings will conclude remain a matter of curiosity.
Prof. Dr. Durusoy also noted the following:
"Implementing structural reforms is also important. Accelerating the democratization process, improving the infrastructure of institutions, tax reform, and ensuring high-tech production are some of these."