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President Kopuz, “The Central Bank Behaviour with market expectation and country facts”
(22.04.2020. 16:17:40) (Okuma: 137)
The President of the Istanbul Commodity Exchange Ali Kopuz evaluated the Central Bank Monetary Policy Committee's policy rate by reducing 100 basis points to 9.75 percent to 8.75 percent.
Stating that they always favor interest rate cuts as business representatives, but the market conditions should enable this, President Ali Kopuz said, “Due to the current situation in the world, many central banks have cut policy rates to ease the market. T. C. The Central Bank's lowering the interest rate with the same target was critical for the market not to be locked. With this decision, the Central Bank acted in accordance with market expectations and country realities. ”
"I see the Central Bank's discount decision as an important move in terms of facilitating the movement of its economic wheels and ensuring financial stability, even though it poses a risk for exchange rate movement in the market," Kopuz said.