İşbank General Manager Hakan Aran made statements about the Turkish economy at the conference titled “Looking to the Next Century with Atatürk’s Vision”, held on the occasion of the 100th anniversary of the establishment of Türkiye İş Bankası.
While Aran explained that foreign economists were talking about new trends at the conference, his statements about the Turkish economy in his interview with CNBC-e attracted attention.
Aran also announced his prediction for the CBRT’s interest rate cuts.
İşbank General Manager Aran’s statements are as follows;
“I think that the CBRT will have the opportunity to cut 2.5 points at its meeting in November.
I think there will be an interest rate reduction cycle that will continue until the end of 2025. I am of the opinion that the discounts will not harm the fight against inflation.
The disinflationary process has begun. We started to see it in our own portfolio and in our lives, pricing behavior started to change.
We will see that the disinflationary process will begin to become evident by the end of the year, and pricing behavior will change as we enter 2025; It will be a difficult year for those stuck in the market with the wrong price.
CREDIT CARD REGULATION BY CBRT AND BRSA
Last edit; I find it healthy as it solves the jam on the credit card, makes the delay easier to manage and allows the card to be used during this period.
These regulations now need to be relaxed. As long as we intervene, we do not know whether a healthy balance is achieved. It would be healthier to achieve balance without these regulations; I hope his time will come soon.
INCREASE IN TURKEY’S CREDIT RATING
I think we will not be interrupted until we reach the Medium Term Program (MTP) targets. The rating increases from credit institutions are a reflection of our disciplined stance and I think the increases will continue.
“When we complete the MTP, I hope we will reach the “investment grade” rating again in 2026 and we will appreciate its value and do our best not to lose it.”
