Call for Regulation on Credit Cards
Central Bank Governor Fatih Karahan has recently shared the 1st Inflation Report of the year at an information meeting held at the Central Bank Administration Center. During the meeting, Karahan addressed the increase in credit card expenditures, expressing concerns about whether this rise is a temporary or long-term trend. He stated that the Central Bank is currently conducting studies and believes that regulations may be necessary to address this issue.
Furthermore, Karahan emphasized the importance of closely monitoring the balancing process in individual loan growth, adding that measures will be taken to prevent any excessive growth in loans.
This latest announcement by the Central Bank Governor sheds light on the ongoing efforts to manage and regulate the country’s financial landscape. As the Central Bank continues to closely monitor and address potential economic challenges, the public can expect further updates and actions to ensure stability and sustainability within the financial sector.
