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November 30, 2023
Maximum interest rate on credit cards not to change
The maximum interest rates for credit cards and maximum commission rates for merchants will remain unchanged in December, the Central Bank has announced

The reference rate used in the calculation of maximum interest rates will remain the same in December, the bank said in a statement.

The reference rate is calculated based on the lower of the weighted average flow interest rate, which banks apply to Turkish Lira deposits with a maturity of 32-45 days, login or sign up to read the complete news...