Credit Policy Statement from Istanbul Chamber of Commerce President Avdagiç
Istanbul Chamber of Commerce President Şekib Avdagiç touched upon the economic outlook and credit policies, emphasizing the role of the selective credit approach in increasing production capacity.
In his speech at the monthly Assembly meeting, Istanbul Chamber of Commerce President Şekib Avdagiç stated that the new priority in economic policies is shaped around the axis of tight monetary policy, selective credit, and production support.
Preservation of Production Capacity
It was stated that alongside the implemented disinflationary policy set, protecting production capacity in the economy has recently started to emerge as a valuable policy objective.
Selective Credit Approach
Şekib Avdagiç noted that credit policy should answer the question of which investment, rather than who is requesting the credit, will increase the country's production capacity and competitive power when financed.
Impact of Energy Prices
While it was stated that incentives should not be viewed as crutches for companies, it was expressed that the rise in energy prices creates pressure on inflation, the current account deficit, and the monetary policy space.