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Turkey Interest Rate
Last Release
Jun 19, 2025
Actual
46
Units In
%
Previous
46
Frequency
Daily
Next Release
Jul 24, 2025
Time to Release
1 Months 2 Days 13 Hours
Highest | Lowest | Average | Date Range | Source |
500 Mar 1994 | 4.5 May 2013 | 57.61 % | 1990-2025 | Central Bank of the Republic of Turkey |
In Turkey, benchmark interest rates are set by the Central Bank of the Republic of Turkey Monetary Policy Committee (Türkiye Cumhuriyet Merkez Bankasi - TCMB). From June 1st 2018, the main interest rate is the one-week repo rate and the overnight borrowing and lending rates will be determined at 150 bps below/above the one-week repo rate. The central bank simplified its monetary policy framework on May 28th 2018 from a different system with four main key rates, with the late liquidity window lending rate being one of the most followed.
Latest Updates
The Central Bank of Turkey held its benchmark interest rate at 46% in its June 2025 meeting following the unexpected, 350bps hike from its last decision, aligning with market expectations. Policymakers at the monetary authority. noted that inflationary pressures eased since April while risks against Turkish growth were more pronounced, largely due to heightened uncertainty in the global macroeconomy amid protectionist trade policies and geopolitical tension. The central bank noted that the current level of interest rates are also high enough to prevent further pressure on their capital accounts that could trigger plunges in the lira. Exchange rate stability was previously noted as a priority for the central bank, which aggressively lifted interest rates in April after political conflicts between President Erdogan and the mayor of Istanbul triggered a plunge in the domestic currency.
Turkey Interest Rate History
Last 12 readings