Economic and Inflation Assessment from QNB Turkey General Manager Ömür Tan
Ömür Tan stated that the implemented economic policies are on the right track but side effects have started to emerge, projecting an inflation rate of 25 percent for the next year.
QNB Turkey General Manager Ömür Tan stated during the QNB Business Meetings in Trabzon that the current economic policies are progressing in the right direction, but that the side effects of this process have also begun.
Trabzon Meetings and Field Contacts
Bank executives came together with customers at the event held in Trabzon within the scope of QNB Business Meetings. QNB Turkey General Management stated that they attach great importance to being in the field and that such meetings are extremely beneficial.
Economic Policies and Side Effects
Evaluating the macroeconomic outlook, officials emphasized that the implemented economic policies are in the right place. At the same time, it was stated that some side effects of these policies have started to emerge and this situation will continue for a while longer.
Inflation Expectations and Sectoral Status
It was conveyed that external factors such as wars during the inflation-fighting process have caused delays. It was reported that the inflation expectation for next year is at the level of 25 percent, while net interest margins in the banking sector are following a narrow course.