And, yes I know interest on loans increased substantially but that has nothing to do with the new saving product and everything to do with the meltdown in the lira that preceded.
Edit: And in any case why would banks raise loan rates if they don't have to bear the cost of the new product?
You are asking the correct question, it does not matter if the cost is financed by banks or public. The cost of borrowing increased substantially, even though exchange rate decreased in the last one week.
Access to TL got harder by the actions of the government. This is why interest rates increased.
costac|4 years ago
And, yes I know interest on loans increased substantially but that has nothing to do with the new saving product and everything to do with the meltdown in the lira that preceded.
Edit: And in any case why would banks raise loan rates if they don't have to bear the cost of the new product?
mghfreud|4 years ago
Access to TL got harder by the actions of the government. This is why interest rates increased.