Kavcıoğlu: We supported production by bringing loan rates closer to official rates – Last Minute Economy News

The President of the Central Bank of the Republic of Turkey (CBRT) Şahap Kavcıoğlu spoke at the meeting organized by the Association of Anatolian Lions Businessmen (ASKON).

The assessments of CBRT chairman Kavcıoğlu were included in the ASKON statement.

Addressing business people under the program, Kavcıoğlu said that, kakım the Central Bank, he has responded to supply-based cost pressures, which are beyond the control of economic policies, with a holistic approach, along with interest rate cuts and macroprudential tools. .

Stating that, kakım the Central Bank, they observed one of the most important results of the targeted use of the loan implemented in SME loans, Kavcıoğlu said: “The loan used by SMEs in the January-September period is more than 10 times the loan. used in the same period of 2021 “.

“ALL LOANS ARE SUPPORTED BY THE CENTRAL BANK”

Noting that companies using deferred credit were less than 3,000 in the first 9 months of last year and approaching 6,000 in the first 9 months of this year, Kavcıoğlu said:

“100 billion lire of the program of anticipation of the investments committed are reserved for industrial investments and 50 billion lire for tourism investments. Up to now about 60 billion lire in advance have been assigned to the investments committed to almost 400 companies.

I would like to point out that these loans are also geographically dispersed, and loans are earmarked for investments in industry and tourism in 62 provinces. Investments, exports and all loans used by SMEs are excluded from the macroprudential measures we have adopted. All the loans that will gökyeşitözü used by the banks in this context and which will encounter economic activity are supported by the Central Bank.

“DECISIONS HAVE A SIGNIFICANT CONTRIBUTION TO EXPORT”

Stating that the decisions they made will significantly contribute to the continuity of supply, investment and exports by increasing the resilience of the economy in 2023, Kavcıoğlu said: “Our liralization strategy, which we have implemented for the Turkish economy and that it will defeat inflation permanently, it will find zihin increasingly intense scope in the coming period. “