Banks are giving two pensions to those who have 1 million lira

While millions of citizens expected relief when the Central Bank cut interest rates, the outcome wasn't quite as expected. While the interest burden on the indebted remains the same, those with substantial savings are effectively receiving a monthly salary from their interest income.

THOSE WHO HAVE MONEY WIN, THE POOR ARE STILL POOR

The 300 basis point reduction in the policy rate did neither please the public nor upset the wealthy. Because the 43% interest rate still brings profit to those with cash savings.

The Central Bank's (CBRT) 3% interest rate cut hasn't benefited the public. Citizens with credit and card debt are still crushed by the interest burden, with the rate only dropping to 43%. Those with savings in the bank continue to profit from their savings.

37,611 TL PER MONTH...

Rich people with 1 million lira in savings can earn interest from various banks every month, starting from 31,101 lira and ending at 37,611 lira. In other words, the equivalent of two pensions is deposited into their accounts without them working.