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00:00 And as we see, the US monetary policy is once again using US banks to increase the interest rates.
00:14 If we did not notice this particular trend in increasing the interest rates,
00:21 we would be surprised by the past crises that we have seen over the past few years.
00:28 In the 2008 crisis, we have seen this regression.
00:33 And this is in two colors.
00:34 The black color indicates medium and large banks.
00:39 And the blue color indicates small banks, which are expected to be renewed in 19%
00:49 But here we see the trend between small banks and large banks in terms of this tightening of the interest rates.
00:58 And we see this regression in terms of the tightening that we have seen.
01:03 As it is clear in this statement after the 2008 crisis, we have seen this regression.
01:08 To prove again, and we see the rise again before the pandemic.
01:13 But after the pandemic, we also see this trend by banks in terms of the tightening of the interest rates.
01:20 So that we can go back to the beginning, which did not start with the beginning of 2024.
01:25 But according to this statement, it is clear that banks are back to tightening the interest rates in terms of the policy of tightening the interest rates.
01:33 In light of this trend, which is still maintained by the federal government,
01:36 We are talking about high interest rates that reach more than 5.5% for the United States.
01:43 And it is the highest rate in more than 20 years in terms of these rates.
01:48 In terms of the increase in costs and also the fear of inflation in terms of the interest rates of the lenders in the banks.
01:57 We are talking about the rise in the interest rates of banks from real estate loans,
02:01 Specifically, to the lowest level in two years during the first quarter of 2024.
02:06 And this trend is not only on many types of loans that these banks are tightening today.
02:13 Not only real estate loans, but also on the level of personal loans, as well as on the credit card side.
02:20 And other loans for bank users.
02:25 On the other hand, Fitch is also heading to the related fear that there are challenges in front of banks.
02:33 With the increase in the costs of loans from the side and the pressure of commercial real estate.
02:37 In addition to the weakening of the growth of loans in the next period.
02:41 This is what the Fitch-class agency considers.
02:45 Which calls for careful optimism regarding this trend.
02:49 Indeed, with the increasing possibilities of the scenario of the US economic downturn,
02:53 Which the US President has not yet spoken about in the next period in the shadow of the trend.
03:00 And remaining focused on inflationary rates and the economic growth in the US.
03:06 The possible fear that exists today, which is highlighted by both investment banks and even the insurance companies.
03:13 Is to raise the risks of trust in the sensitive assets of the interest rate.
03:17 And also to increase the rate of default on the credit card, which is the main barrier that banks are focusing on.
03:23 And this is what we have seen in the past period.
03:25 And perhaps due to the crises that we have seen in the past years.
03:31 These banks are still today returning again to intensify the credit rating this time.