Reuters exclusively reports Turkey’s state banks likely to follow central bank and slash rates

Reuters exclusively reported that Turkey’s state banks are expected to cut borrowing costs on loans by around 200 basis points, following an unexpectedly hefty rate cut by the central bank. The three big public lenders Ziraat Bank, Halkbank and Vakif Bank are expected to lower rates on corporate, individual, mortgage and other loans.

The post Reuters exclusively reports Turkey’s state banks likely to follow central bank and slash rates appeared first on Reuters News Agency.

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