DSO President Kasapoğlu: "Without easier access to credit, discount decisions are not being reflected in the field"

Denizli Chamber of Industry President Selim Kasapoğlu issued a written statement regarding the interest rate reduction decision made by the Central Bank of the Republic of Turkey (CBRT) at its October Monetary Policy Committee meeting. Kasapoğlu stated, "Today, the policy interest rate may have fallen to 39.5 percent; however, the credit interest rates affecting the real sector are still above 49 percent. This difference is causing businesses to postpone their investment plans and putting their production and employment capacities under pressure." He also emphasized their expectation for the swift implementation of steps focusing on the real effects of the decisions and the implementation of regulations that will separate producer credit from consumer credit. President Kasapoğlu, who stated that producer credit and consumer credit should be separated, said in his statement, "While we welcome the Central Bank's decision to reduce interest rates by 100 basis points, I would like to ...