lira declines Archives | Business Turkey Today

Due to the rapid depreciation of the Turkish lira and the rise in interest rates, the growth rate of loans provided by private banks has fallen below 1 percent. Turkey’s economy has received a bad signal from the banking sector, as well. It is reported that credit growth rates plummeted with the depreciation of TL and the rise in interest rates.

Finance & Economy News Scan

August 26, 2018 BTT

Growth rate in bank loans fall in Turkey as lira declines and interest rates climb

Due to the rapid depreciation of the Turkish lira and the rise in interest rates, the growth rate of