banking

🧭 Why monetary policy matters Monetary policy lies behind many economic headlines: loans, instalment payments, deposits, movements in the lira and even companies’ pricing decisions. 1️⃣ Who sets monetary policy? 🏦 The Central Bank of the Republic of Türkiye (CBRT; TCMB in Turkish) - Sets its...

🏦 How do interest rates affect everyday life? Interest rates influence loans, credit-card borrowing, deposit returns and business financing. 🔍 Four important effects 1) 🏠 Home or car loans: higher borrowing rates can mean larger repayments for a new loan or a lower amount you qualify to borrow...