Mahmut Özgener discusses economic stability at İZTO meeting

Mahmut Özgener, Chairman of the Izmir Chamber of Commerce (İZTO), addressed the economic outlook during the August Ordinary Assembly Meeting. Özgener announced his candidacy for re-election as Chairman in the upcoming elections on October 1.

Regarding the Medium Term Program (OVP), Özgener noted that while price stability has not yet been fully achieved, inflation has significantly declined from previous high levels, breaking the prior upward trend. He stated that rising real interest rates and a functional monetary policy have increased the attractiveness of TL savings instruments, reduced the demand for foreign currency, and strengthened financial stability.

Özgener added that the economic program's initial phase helped build reserves, increasing the economy's resilience to external shocks and limiting the impact of geopolitical developments on exchange rates and the balance of payments. He emphasized that the program should not be loosened to accelerate growth, but rather should focus on increasing productivity, competitiveness, and improving the investment environment.