BRSA reduces the number of installments for credit card purchases

The BRSA reduced the number of installments for some products in credit card purchases in order to "contribute to financial stability and reduce the current account deficit".(Tera Yatırım)

According to this;

·        The number of installments for gold and jewelry purchases was reduced from 8 to 6.

·        The number of installments has been reduced from 6 to 4 in electronic goods purchases, excluding TVs below 3.500 TRY.

·        The number of installments has been reduced from 18 to 12 in furniture and white goods purchases.

·        The number of installments has also decreased in motor vehicle purchases exceeding TRY 300,000.

Contrary to the decisions taken to support consumption in the previous period; In order to curb growth and limit consumption, the number of installments in credit card sales was reduced. These measures will reduce the rate of loan growth, limit demand and consumption, contribute to lowering inflation. It is aimed to increase savings by reducing consumption and expenditures; as well as limit imports and reduce the current account deficit with the effect of decreasing demand and consumption.

 

Kaynak  Tera Yatırım
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