Banks Are Very Happy These Days

Finance & Economy
Sep 2015, Wed

Interest Rates Are As You Know Again

Yes, again trouble, again financial difficulties and the rise in interest rates are occupying the agenda. Those who want to buy a house, those who want to buy a car, and those who will take out loans will have to postpone these dreams for a while. Interest rates are soaring. Instead of stopping this, the statements and comments made are further fueling its rise. An interest rate increase of ten points within a week has left the citizens in a very difficult situation. The market has completely collapsed. We can only pray that God helps those who take out loans.

What Effect Does a Rise in Interest Rates Have?

The entire market operates according to monetary data. Especially because there is a lot of money in our country that does not circulate but only works with interest, an increase in interest rates means the complete destruction of the market. Interest rates, which affect every sector, first hit the construction sector. The first purchase that people stop making, as always, will be the purchase of a house.