Turkey’s Chambers and Commodity Exchanges Union (TOBB) and industrialists have called on banks to reflect interest rate cuts on commercial loan interest rates. TOBB President Rifat Hisarcıklıoğlu addressed banks through his social media account. Hisarcıklıoğlu pointed out that a total of 7.5 points decrease occurred in the last three months, but this was not reflected in commercial loan interest rates. “What are banks waiting for to reduce commercial loan interest rates? We expect them to prioritize reflecting this cut on SME loan interest rates in order to support production, investment, and employment,” he said. INDUSTRIALISTS ALSO EXPECT INTEREST RATE CUTS A similar call came from Seyit Ardıç, President of the Ankara Chamber of Industry. In a statement, it was mentioned that “These cuts are not reflected in commercial loan interest rates through the transmission mechanism.” Ardıç emphasized that banks should also reflect these cuts on commercial loan interest rates used by industrialists facing financial access problems.