Turkey Interest Rate

Last Release

Oct 23, 2025

Actual

39.5

Units In

40.5

Frequency

Daily

Next Release

Dec 11, 2025

Time to Release

1 Months 13 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
500 Mar 1994	4.5 May 2013	57.58 %	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 key one-week repo rate by 100bps to 39.5% in October 2025, as expected, alongside reductions in the overnight lending rate to 42.5% and the borrowing rate to 38%. While demand conditions suggest disinflationary pressures, recent data indicate a slower pace of disinflation and rising risks from food prices. The Bank reaffirmed its commitment to a tight monetary stance until price stability is secured, emphasizing that policy will be guided by realized and expected inflation and its underlying trend. The Committee will adjust rates cautiously, reviewing each step based on inflation dynamics, and stands ready to tighten further if inflation deviates from interim targets. It also signaled potential macroprudential measures to support monetary transmission if needed. Liquidity conditions will be closely managed, with the overarching goal of achieving a 5% medium-term inflation target through a transparent, data-driven approach.