Economist Mahfi Eğilmez cautions against premature claims of interest rate cut by TCMB

Economist Mahfi Eğilmez stated that the Central Bank of the Republic of Turkey's (TCMB) decision to restart weekly repo auctions does not alone signify an official interest rate cut. He emphasized that the actual impact on interest rates will depend on the TCMB's future funding policies and whether banks are primarily funded through the 37% weekly repo rate.