Key data points
Last release
Mar 6, 2025
Observation period
Mar 6, 2025
Next release
Apr 17, 2025
Forecast
—
Highest
500.00 % on Mar 23, 1994
Lowest
4.50 % on Jan 21, 2014
About 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). 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.
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Related indicators
TRBBS
Banks Balance SheetR
33.16 TTRY
TRCBBS
Central Bank Balance SheetR
9.01 TTRY
TRFER
Foreign Exchange ReservesR
97.8 BUSD
TRFSI
Foreign Stock InvestmentR
22.05 BUSD
TRINBR
Interbank RateR
15.63%
TRINTR
Interest RateR
42.5%
TRLPS
Loans to Private SectorR
8.57 TTRY
TRM1
Money Supply M1R
6.61 TTRY
TRM2
Money Supply M2R
18.44 TTRY
TRM3
Money Supply M3R
20.78 TTRY
Frequently Asked Questions
Turkey interest rate is 42.5% at the moment.
Last month Turkey interest rate was 42.5%, and the month before that it amounted to 45%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.