Turkey Interest Rate  1990-2017 | Data | Chart | Calendar | Forecast

The Central Bank of Turkey held its benchmark one-week repo rate at 8 percent on March 16th, as widely expected. Also, the lending rate was kept unchanged at 9.25 percent while market expected 50 bps hike. Policymakers said that the recently released data indicated a gradual recovery in the economic activity while the significant rise in inflation is expected to continue in the short term due to lagged pass-through and the base effect in food prices. Interest Rate in Turkey averaged 59.46 percent from 1990 until 2017, 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
Receive the next reported value for Turkey Interest Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-20 11:00 AM TCMB Interest Rate Decision 8% 8% 8.25% 8.25%
2017-01-24 11:00 AM TCMB Interest Rate Decision 8% 8% 8.5% 8.5%
2017-03-16 11:00 AM TCMB Interest Rate Decision 8% 8% 8% 8%
2017-04-26 11:00 AM TCMB Interest Rate Decision
2017-04-28 11:00 AM CBRT Inflation Report
2017-04-28 11:00 AM Monetary Policy Meeting Minutes




Turkey Holds Rates Steady In March


The Central Bank of Turkey held its benchmark one-week repo rate at 8 percent on March 16th, as widely expected. Also, the lending rate was kept unchanged at 9.25 percent while market expected 50 bps hike. Policymakers said that the recently released data indicated a gradual recovery in the economic activity while the significant rise in inflation is expected to continue in the short term due to lagged pass-through and the base effect in food prices.

The central bank kept its overnight borrowing rate at 7.25 percent and increased the rate at its late liquidity window to 11.75 percent from 11 percent.

Statement by the Central Bank of the Republic of Turkey:

Recently released data indicate a gradual recovery in the economic activity. Demand from the European Union economies continues to contribute positively to exports, while domestic demand displays a weaker course. With the supportive measures and incentives provided recently, the recovery in the economic activity is expected to continue at a moderate pace. The Committee assesses that the implementation of the structural reforms would contribute to the potential growth significantly.

Cost push pressures and the volatility in food prices in recent months have led to a sharp increase in inflation. The significant rise in inflation is expected to continue in the short term due to lagged pass-through and the base effect in food prices. Accordingly, the Committee decided to strengthen the monetary tightening in order to contain the deterioration in the inflation outlook.  

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 until inflation outlook displays a significant improvement. Inflation expectations, pricing behavior and other factors affecting inflation will be closely monitored and, if needed, further monetary tightening will be delivered.

It should be emphasized that any new data or information may lead the Committee to revise its stance.

The summary of the Monetary Policy Committee Meeting will be released within five working days.



Central Bank of Turkey | Yekaterina Guchshina | yekaterina@tradingeconomics.com
3/16/2017 11:10:49 AM



Turkey Money Last Previous Highest Lowest Unit
Interest Rate 8.00 8.00 500.00 4.50 percent [+]
Interbank Rate 12.09 12.09 21.07 4.74 percent [+]
Money Supply M1 377205411.20 376726650.20 382338665.30 55562063.00 TRY Thousand [+]
Money Supply M2 1401609383.00 1434420039.00 1434420039.00 236620702.00 TRY Thousand [+]
Money Supply M3 1445678015.00 1478625197.00 1478625197.00 260092810.00 TRY Thousand [+]
Foreign Exchange Reserves 132023.60 129554.90 150428.70 1240.00 USD Million [+]
Banks Balance Sheet 2789143407.00 2656148741.00 2789143407.00 15859.80 TRY Thousand [+]
Loans to Private Sector 941811437.00 890830186.00 941811437.00 3402.30 TRY Thousand [+]
Deposit Interest Rate 14.92 16.77 87.79 8.00 percent [+]
Lending Rate 9.25 9.25 2300.00 6.50 percent [+]
Private Debt to GDP 192.12 177.08 192.12 106.76 percent [+]
Foreign Stock Investment 40851.00 39650.00 82048.00 0.00 USD Million [+]
Cash Reserve Ratio 12.00 12.50 13.00 9.00 percent [+]
Central Bank Balance Sheet 540000769.00 577680947.00 577680947.00 9071.00 TRY Thousand [+]



Turkey Interest Rate Notes

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
8.00 8.00 500.00 4.50 1990 - 2017 percent Daily



Last
Argentina 24.75 Mar/17
Ghana 23.50 Mar/17
Mozambique 23.25 Feb/17
Gambia 23.00 Feb/17
Malawi 22.00 Mar/17
Venezuela 20.76 Jan/17
Haiti 20.00 Feb/17
Iran 18.00 Dec/16
Angola 16.00 Feb/17
Afghanistan 15.00 Feb/17
Azerbaijan 15.00 Feb/17
Belarus 15.00 Mar/17
Yemen 15.00 Feb/17
Egypt 14.75 Feb/17
Sudan 14.20 Feb/17
Congo 14.00 Feb/17
Mongolia 14.00 Feb/17
Nigeria 14.00 Mar/17
Ukraine 14.00 Mar/17
Zambia 14.00 Feb/17
Liberia 13.70 Feb/17
Guinea 12.50 Feb/17
Suriname 12.50 Dec/15
Tajikistan 12.50 Feb/17
Seychelles 12.38 Jan/17
Brazil 12.25 Mar/17
Tanzania 12.00 Mar/17
Djibouti 11.60 Dec/15
Uganda 11.50 Feb/17
Kazakhstan 11.00 Feb/17
Sierra Leone 11.00 Feb/17
Zimbabwe 10.68 Dec/16
Kenya 10.00 Mar/17
Lebanon 10.00 Feb/17
Myanmar 10.00 Feb/17
Sao Tome and Principe 10.00 Feb/17
Russia 9.75 Mar/17
Uruguay 9.25 Feb/17
Mauritania 9.00 Feb/17
Moldova 9.00 Feb/17
Uzbekistan 9.00 Feb/17
Madagascar 8.30 Jan/17
Ecuador 8.25 Feb/17
Turkey 8.00 Mar/17
Cape Verde 7.50 Jan/17
Sri Lanka 7.25 Mar/17
Swaziland 7.25 Feb/17
Colombia 7.00 Mar/17
Maldives 7.00 Feb/17
Namibia 7.00 Feb/17
Nepal 7.00 Feb/17
South Africa 7.00 Feb/17
Burundi 6.95 Nov/16
Bangladesh 6.75 Feb/17
Georgia 6.75 Mar/17
Lesotho 6.64 Sep/16
Vietnam 6.50 Feb/17
India 6.25 Feb/17
Mexico 6.25 Feb/17
Papua New Guinea 6.25 Feb/17
Rwanda 6.25 Jan/17
Armenia 6.00 Mar/17
Bhutan 6.00 Feb/17
Pakistan 5.75 Feb/17
Botswana 5.50 Feb/17
Brunei 5.50 Feb/17
Dominican Republic 5.50 Feb/17
Honduras 5.50 Mar/17
Paraguay 5.50 Mar/17
Ethiopia 5.00 Feb/17
Guyana 5.00 Jan/17
Iceland 5.00 Mar/17
Jamaica 5.00 Feb/17
Kyrgyzstan 5.00 Mar/17
Qatar 5.00 Mar/17
Bosnia and Herzegovina 4.91 Jan/17
Indonesia 4.75 Mar/17
Trinidad and Tobago 4.75 Jan/17
El Salvador 4.56 Dec/16
Benin 4.50 Feb/17
Burkina Faso 4.50 Feb/17
Guinea Bissau 4.50 Feb/17
Ivory Coast 4.50 Feb/17
Mali 4.50 Feb/17
Niger 4.50 Feb/17
Senegal 4.50 Feb/17
Togo 4.50 Feb/17
China 4.35 Feb/17
Laos 4.25 Feb/17
Peru 4.25 Mar/17
Tunisia 4.25 Feb/17
Bahamas 4.00 Feb/17
Iraq 4.00 Feb/17
Jordan 4.00 Feb/17
Mauritius 4.00 Feb/17
Serbia 4.00 Mar/17
Algeria 3.50 Feb/17
Macedonia 3.50 Jan/17
Barbados 3.46 Feb/17
Chile 3.00 Mar/17
Guatemala 3.00 Feb/17
Libya 3.00 Feb/17
Malaysia 3.00 Mar/17
Philippines 3.00 Mar/17
Kuwait 2.75 Mar/17
Belize 2.50 Feb/17
Croatia 2.50 Jan/17
Cameroon 2.45 Feb/17
Central African Republic 2.45 Feb/17
Chad 2.45 Feb/17
Equatorial Guinea 2.45 Jan/17
Gabon 2.45 Feb/17
Republic of the Congo 2.45 Feb/17
Cuba 2.25 Feb/17
Morocco 2.25 Mar/17
Saudi Arabia 2.00 Feb/17
Bolivia 1.88 Jan/17
Costa Rica 1.75 Feb/17
New Zealand 1.75 Mar/17
Romania 1.75 Feb/17
United Arab Emirates 1.75 Mar/17
Cambodia 1.55 Jan/17
Australia 1.50 Mar/17
Poland 1.50 Mar/17
Thailand 1.50 Feb/17
Taiwan 1.38 Mar/17
Albania 1.25 Feb/17
Bahrain 1.25 Mar/17
Hong Kong 1.25 Mar/17
Macau 1.25 Mar/17
South Korea 1.25 Feb/17
Oman 1.24 Feb/17
Comoros 1.15 Nov/16
United States 1.00 Mar/17
Hungary 0.90 Mar/17
Panama 0.58 Dec/16
Canada 0.50 Mar/17
Fiji 0.50 Feb/17
Norway 0.50 Mar/17
New Caledonia 0.25 Feb/17
United Kingdom 0.25 Mar/17
Singapore 0.22 Feb/17
Israel 0.10 Feb/17
Czech Republic 0.05 Feb/17
Austria 0.00 Mar/17
Belgium 0.00 Mar/17
Bulgaria 0.00 Mar/17
Cyprus 0.00 Mar/17
Estonia 0.00 Mar/17
Euro Area 0.00 Mar/17
Finland 0.00 Mar/17
France 0.00 Mar/17
Germany 0.00 Mar/17
Greece 0.00 Mar/17
Ireland 0.00 Mar/17
Italy 0.00 Mar/17
Latvia 0.00 Mar/17
Lithuania 0.00 Mar/17
Luxembourg 0.00 Mar/17
Malta 0.00 Mar/17
Netherlands 0.00 Mar/17
Portugal 0.00 Mar/17
Slovakia 0.00 Mar/17
Slovenia 0.00 Mar/17
Spain 0.00 Mar/17
Japan -0.10 Mar/17
Sweden -0.50 Feb/17
Denmark -0.65 Feb/17
Switzerland -0.75 Mar/17