Turkey cuts exporters’ borrowing costs in Erdoğan ‘interest rates battle’

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Turkey cuts exporters’ borrowing costs in Erdoğan ‘interest rates battle’

Türk Eximbank has reduced interest rates on Turkish lira loans 8.79 percent, Pekcan said in a written statement on Tuesday. Rates stood at 17.6 percent in June last year, she said. “Eximbank’s support in the battle against interest rates under the leadership of President Recep Tayyip Erdoğan continues,” Pekcan said. Turkey’s central bank has […]

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Türk Eximbank has reduced interest rates on Turkish lira loans 8.79 percent, Pekcan said in a written statement on Tuesday. Rates stood at 17.6 percent in June last year, she said.

“Eximbank’s support in the battle against interest rates under the leadership of President Recep Tayyip Erdoğan continues,” Pekcan said.

Turkey’s central bank has […]

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