TOBB President Hisarcıklıoğlu called on banks to reflect the interest rate cut to loans. Rifat Hisarcıklıoğlu, President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), shared a post on his social media account regarding the Central Bank’s reduction of the policy rate. Hisarcıklıoğlu pointed out that the Central Bank reduced the policy rate by another 2.5 points, bringing it to 42.5%, indicating a total reduction of 7.5 points in 3 months. Highlighting that banks immediately reflect these reductions in deposit interest rates, Hisarcıklıoğlu noted: “However, commercial loan interest rates are not decreasing at the same rate. What are banks waiting for to lower commercial loan interest rates? We expect them to prioritize reflecting these reductions to SME loan rates, supporting production, investment, and employment. Restrictions on commercial loan growth also increase costs in the economy, restrict supply, and create inflationary pressures. It is necessary to review the growth constraints related to commercial loans, starting with SME loans.”