Turkey Interest Rate 1990-2018 | Data | Chart | Calendar | Forecast

The Central Bank of Turkey held its benchmark one-week repo rate at 8 percent on March 7th, as widely expected, saying that the current monetary policy stance will be maintained until there is a significant improvement in the inflation outlook. In February, the country's annual inflation eased to a seven-month low of 10.26 percent, but was still way above the central bank's 5 percent target. Interest Rate in Turkey averaged 59.13 percent from 1990 until 2018, reaching an all time high of 500 percent in March of 1994 and a record low of 4.50 percent in May of 2013.

Turkey Interest Rate
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Turkey Holds Key Policy Rate at 8% as Expected


The Central Bank of Turkey held its benchmark one-week repo rate at 8 percent on March 7th, as widely expected, saying that the current monetary policy stance will be maintained until there is a significant improvement in the inflation outlook. In February, the country's annual inflation eased to a seven-month low of 10.26 percent, but was still way above the central bank's 5 percent target.

The overnight lending rate was kept at 9.25 percent and the overnight borrowing rate at 7.25 percent. Also, the late liquidity window rate stood at 12.75 percent.

Statement by the Central Bank of the Republic of Turkey:

Recently released data indicate that economic activity maintains its strength. Domestic demand continues to expand and external demand contributes positively to exports.

Current elevated levels of inflation and inflation expectations continue to pose risks on the pricing behavior. Underlying trend indicators display inertia and the core inflation remains elevated. Accordingly, the Committee decided to maintain the tight monetary policy stance.

The Central Bank will continue to use all available instruments in pursuit of the price stability objective. Tight stance in monetary policy will be maintained decisively until inflation outlook displays a significant improvement, independent of base effects and temporary factors, and becomes consistent with the targets. Inflation expectations, pricing behavior and other factors affecting inflation will be closely monitored and, if needed, further monetary tightening will be delivered.


Central Bank of Turkey | Joana Ferreira |
3/7/2018 11:11:44 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-12-14 11:00 AM TCMB Interest Rate Decision 8% 8% 8% 8%
2018-01-18 11:00 AM TCMB Interest Rate Decision 8% 8% 8% 8%
2018-03-07 11:00 AM TCMB Interest Rate Decision 8% 8% 8% 8%
2018-04-25 11:00 AM TCMB Interest Rate Decision 8% 8%
2018-06-07 11:00 AM TCMB Interest Rate Decision 7.5%
2018-07-24 11:00 AM TCMB Interest Rate Decision 7.5%


Turkey Money Last Previous Highest Lowest Unit
Interest Rate 8.00 8.00 500.00 4.50 percent [+]
Interbank Rate 13.64 13.64 21.07 4.74 percent [+]
Money Supply M1 433707515.40 428210535.90 449631796.20 55562063.00 TRY Thousand [+]
Money Supply M2 1633681565.00 1618255102.70 1633681565.00 236620702.00 TRY Thousand [+]
Money Supply M3 1688193226.00 1670997259.80 1688193226.00 260092810.00 TRY Thousand [+]
Foreign Exchange Reserves 139559.60 136076.10 150428.70 1240.00 USD Million [+]
Banks Balance Sheet 3168143871.00 3177057121.00 3181217101.00 15859.80 TRY Thousand [+]
Loans to Private Sector 1084532186.00 1079142075.00 1091506666.00 3402.30 TRY Thousand [+]
Deposit Interest Rate 7.25 7.25 398.10 1.50 percent [+]
Private Debt to GDP 170.80 159.40 170.80 131.20 percent [+]
Lending Rate 9.25 9.25 2300.00 6.50 percent [+]
Foreign Stock Investment 52155.00 53142.00 82048.00 0.00 USD Million [+]
Cash Reserve Ratio 12.00 12.00 13.00 9.00 percent [+]
Central Bank Balance Sheet 653703961.00 641436271.00 677704386.00 9071.00 TRY Thousand [+]


Turkey Interest Rate

In Turkey, benchmark interest rates are set by the Central Bank of the Republic of Turkey Monetary Policy Committee (Türkiye Cumhuriyet Merkez Bankasi - TCMB). Since May 18, 2010 the main interest rate is 1 Week Repo Lending Rate. This page provides the latest reported value for - Turkey Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Interest Rate - actual data, historical chart and calendar of releases - was last updated on March of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
8.00 8.00 500.00 4.50 1990 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 8.00 Mar/18
Mexico 7.50 Feb/18
Russia 7.25 Mar/18
Brazil 6.50 Mar/18
India 6.00 Feb/18
China 4.35 Feb/18
Indonesia 4.25 Mar/18
United States 1.75 Mar/18
Australia 1.50 Mar/18
South Korea 1.50 Feb/18
Canada 1.25 Mar/18
United Kingdom 0.50 Mar/18
Euro Area 0.00 Mar/18
France 0.00 Mar/18
Germany 0.00 Mar/18
Italy 0.00 Mar/18
Netherlands 0.00 Mar/18
Spain 0.00 Mar/18
Japan -0.10 Mar/18
Switzerland -0.75 Mar/18


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