Attention loan seekers! Prof. Dr. Şenol Babuşçu gives a date for interest rate cuts...

Following the interest rate decision by the Central Bank of the Republic of Turkey (TCMB), all eyes have turned to the potential cuts in bank loan and deposit interest rates. Former Ziraat Bank Deputy General Manager Prof. Dr. Şenol Babuşçu has provided a date for when this might happen.

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Attention loan seekers! Prof. Dr. Şenol Babuşçu gives a date for interest rate cuts...

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The Central Bank of the Republic of Turkey (TCMB) announced its second interest rate decision of the year following the Monetary Policy Committee meeting. The policy rate was reduced by 250 basis points to 42.5 percent.

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Following the announcement of the policy rate, all eyes turned to the banks' loan and deposit interest rates.

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While those planning to take out a loan are eagerly awaiting the drop in interest rates, a statement came from former Ziraat Bank Deputy General Manager Prof. Dr. Şenol Babuşçu.

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Babuşçu announced when the cuts to loan and deposit interest rates would take place.

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'ONE MONTH LATER...'

Sharing on his social media account, Prof. Dr. Babuşçu stated, "Banks have lowered deposit interest rates to 42-43%. As for loan interest rates, they will follow in about a month..."

News Source : 12punto