Paper hits at Central Bank

Paper hits at Central Bank

ISTANBUL - Hürriyet Daily News

Govb Erdem Başçı’s interest rate policy is hurting firms, Yeni Şafak claims. AA Photo

The Turkish Central Bank’s “interest rate corridor” policy is triggering a hike in loan rates, which hits both industrialists and investors, according to Yeni Şafak, the Turkish daily known for a general attitude in line with the government policies.

“Hike in the interest rate is murder,” said Yeni Şafak yesterday.

“Interest corridor, a tool introduced as “Turkish invention” by the Central Bank Gov. Erdem Başçı, has hit the local industrialists and investors,” Yeni Şafak said, which also quoted criticsm by Bülent Gedikli, the vice chairman and economy affairs president of the ruling Justice and Development Party.
The paper claimed last week that the Transport Minister Binali Yıldırım had granted unfair bonuses to İDO, the fast ferry firm.
LATEST NEWS

  1. Türkiye 'neutralizes' nine PKK members in Iraq, Syria

  2. Kılıçdaroğlu faces first hearing in insult case

  3. Türkiye will continue on path to energy independence, Erdoğan vows

  4. COP29 draft deal proposes rich nations give $250 bln in climate finance

  5. MPs pass reforms on internal security
Recommended

Over 47 million foreign tourists visit Türkiye in 10 months

AI firms seek accords with publishing giants to maintain growth

Competition authority launches probe into Mastercard, Visa

BP announces $7 billion gas project investment in Indonesia

Trudeau to send checks to millions of Canadians

SEC Chair Gensler to exit, clearing way for Trump pick

Volkswagen workers head towards strikes from December
WORLD

COP29 draft deal proposes rich nations give $250 bln in climate finance

A new draft deal at U.N. climate talks Friday proposes rich nations commit $250 billion a year to help poorer nations combat global warming in a bid to break the deadlocked negotiations.
ECONOMY

Over 47 million foreign tourists visit Türkiye in 10 months

Foreign tourist arrivals in Türkiye increased by 7.03 percent year-on-year in January-October to 47.3 million, according to data from the Culture and Tourism Ministry on Nov. 22.

SPORTS

Türkiye heads to Nations League playoffs after Montenegro loss

Türkiye spurned the opportunity to finish atop its group in the UEFA Nations League and qualify for League A directly with a 3-1 loss at Montenegro on Nov. 19 night.