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PRESIDENT ALI KOPUZ "WHILE THE INTEREST RATES DECREASE, TURKEY RISES"
(16.01.2020 . 14:47:38) (Okuma: 226)
Istanbul Commodity Exchange President Ali Kopuz evaluated reducing Central Bank Monetary Policy Board's policy rate 75 basis points, from 12 percent to11.25 with a statement.
President Kopuz reminded that the interest rate cuts have continued to be made since last July and a total of 12.75 points of rebates. Istanbul Commodity Exchange President Kopuz said that these discounts should continue in 2020 as long as the market conditions allow. President Kopuz said that When the last quarter data for 2019 be announced, which everyone expects to restriction, I believe we will close the year with a better performance than expected. If we want to meet our growth targets set in 2020, we should increase investments. Interest rate cuts will be one of our most important helpers. Investments will be improved to the extent that the Central Bank's discounts are followed not only by public banks but also by private banks ”.