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Turkey Interest Rate

Last Release
Feb 2020
Actual
10.75 %
Forecast
N/A
Previous
11.25 %
Frequency
Daily
Units In
%
Next Release
Mar 19, 2020
Time to Release
24 Days 17 Hours
Highest
Lowest
Average
Date Range
Source
500 %
Mar 1994
4.5 %
Jan 2014
58.65 %1990 - 2020Central 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 slashed its one-week repo auction rate by another 75bps to 11.25 percent during its first policy meeting of 2020, defying market expectations of a 50bps cut. Policymakers have lowered rates for five consecutive times since July last year, bringing borrowing costs to the lowest level since May 2018, saying the inflation outlook continued to improve and inflation expectations sustained their wide-spread decline.

Turkey Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Jan 16, 202011:12Turkey Surprises with 75bps Rate Cut
Dec 12, 201911:10Turkey Cuts Interest Rates by 200bps
Oct 24, 201911:04Turkey Cuts Interest Rates by 250bps
Sep 12, 201911:25Turkey Cuts Interest Rates by 325bps
Jul 25, 201911:12Turkey Cuts Interest Rates by 425bps
Jun 12, 201911:22Turkey Holds Policy Rate at 24%
Apr 25, 201911:04Turkey Leaves Policy Rate Unchanged at 24%

A Look at the Markets

Educational Pieces on Marco Indicators

all education articles

Turkey money Indicators

All Turkey indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
4,308,766,747
Nov 2019
4,273,581,062
Oct 2019
15,859.8
Jan 1986
4,345,002,487
Aug 2018
TRY ThousandMonthly1986 - 2019
Central Bank Balance Sheet
834,587,672
Jan 2020
779,239,847
Nov 2019
9,071
Jan 1986
858,925,152
Aug 2018
TRY ThousandMonthly1986 - 2020
Cash Reserve Ratio
16
Dec 2019
16
Nov 2019
9
Dec 2009
16
Jul 2019
%Monthly2002 - 2019
Deposit Interest Rate
9.25
Feb 2020
9.75
Jan 2020
1.5
Jun 2011
398.1
Apr 1994
%Monthly1990 - 2020
Foreign Exchange Reserves
144,449.7
Dec 2019
141,663.6
Nov 2019
1,240
Jun 1981
150,427.2
Jul 2014
USD MillionMonthly1981 - 2019
Foreign Stock Investment
33,185
Feb 2020
33,862
Feb 2020
0
Jan 2006
82,048
May 2013
USD MillionDaily2005 - 2020

Interest Rate across Europe

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
1
Feb 2020
1
Jan 2020
1
Nov 2018
8.5
Nov 2002
%Daily2001 - 2020
Armenia
5.5
Jan 2020
5.5
Dec 2019
5.5
Sep 2019
10.5
Jun 2015
%Daily2010 - 2020
Euro Area
0
Jan 2020
0
Dec 2019
0
Oct 2018
4.75
Apr 2001
%Daily1998 - 2020
Belarus
8.75
Feb 2020
9
Jan 2020
8.75
Feb 2020
480
Nov 1994
%Daily1991 - 2020
Bosnia and Herzegovina
3.15
Nov 2019
3.13
Oct 2019
3.06
Jul 2019
80.25
Jan 1999
%Monthly1998 - 2019
Croatia
2.5
Dec 2019
2.5
Nov 2019
2.5
Nov 2018
4,290.85
Sep 1993
%Daily1992 - 2019
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