Turkey Interest Rate

Last Release

Dec 11, 2025

Actual

Units In

39.5

Frequency

Daily

Next Release

Jan 22, 2026

Time to Release

1 Months 7 Days 19 Hours

Highest	Lowest	Average	Date Range	Source
500 Mar 1994	4.5 May 2013	57.56 %	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 cut its policy rate to 38% from 39.5% in December 2025, marking a fourth consecutive reduction, and by more than market expectations of a softer cut to 38.5%, amid softer-than-expected November inflation. Food prices came in lower than projections, helping ease the underlying inflation trend for a second month. The bank also reduced its overnight lending and borrowing rates to 41% and 36.5%, respectively. Despite improving demand conditions and a slight cooling in price pressures, the Monetary Policy Committee warned that inflation expectations and pricing behavior still threaten the disinflation path. It reaffirmed that tight monetary policy will continue until price stability is secured, with rate decisions made cautiously and guided by data. The bank aims to steer inflation toward its 5% medium-term target, even as annual inflation at 31.1% in November remains well above the 24% year-end goal.