TOBB President Hisarcıklıoğlu called on banks to reflect the interest rate cut on 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 interest rate cut. Hisarcıklıoğlu pointed out that the Central Bank reduced the policy rate by 2.5 points to 42.5%, indicating a total reduction of 7.5 points in 3 months. Highlighting that banks instantly reflect these reductions on deposit interest rates, Hisarcıklıoğlu noted: “However, commercial loan interest rates do not decrease at the same rate. What are banks waiting for to lower commercial loan rates? We expect them to prioritize reflecting these reductions on SME loan rates to support production, investment, and employment. The restrictions imposed on commercial loan growth also increase costs in the economy, restrict supply, and create inflationary pressures. It is necessary to reconsider the growth constraints related to commercial loans, starting with SME loans.”