Deposit Interest Rate in Turkey decreased to 35.50 percent in January from 36.50 percent in December of 2025. Deposit Interest Rate in Turkey averaged 37.47 percent from 1990 until 2026, reaching an all time high of 398.10 percent in April of 1994 and a record low of 1.50 percent in December of 2010. source: Central Bank of the Republic of Turkey

Deposit Interest Rate in Turkey is expected to be 33.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Overnight Borrowing Rate is projected to trend around 20.50 percent in 2027 and 15.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-10-23 11:00 AM Overnight Borrowing Rate Oct 38% 39% 37.5%
2025-12-11 11:00 AM Overnight Borrowing Rate Dec 36.5% 38% 37%
2026-01-22 11:00 AM Overnight Borrowing Rate Jan 35.5% 36.5% 35.5%
2026-03-12 11:00 AM Overnight Borrowing Rate Mar 35.5%
2026-04-22 11:00 AM Overnight Borrowing Rate Apr
2026-06-11 11:00 AM Overnight Borrowing Rate Jun


Related Last Previous Unit Reference
Banks Balance Sheet 46798360136.00 44833341136.00 TRY Thousand Dec 2025
Cash Reserve Ratio 25.00 25.00 percent Dec 2025
Central Bank Balance Sheet 13879117897.00 12071962275.00 TRY Thousand Jan 2026
Overnight Borrowing Rate 35.50 36.50 percent Jan 2026
Foreign Exchange Reserves 79590.00 78870.00 USD Million Feb 2026
Interest Rate 37.00 38.00 percent Jan 2026
Overnight Lending Rate 40.00 41.00 percent Jan 2026
Loans to Non Financial Companies 12059977094.00 11655740178.00 TRY Thousand Dec 2025
Money Supply M1 10610874418.00 9759279555.00 TRY Thousand Jan 2026
Money Supply M2 25239085938.00 24560207201.00 TRY Thousand Jan 2026
Money Supply M3 28121442919.00 27233238495.00 TRY Thousand Jan 2026


Turkey Overnight Borrowing Rate
In Turkey, the Overnight Borrowing Rate refers to the rate under which banks lend or deposit money to the Central Bank.
Actual Previous Highest Lowest Dates Unit Frequency
35.50 36.50 398.10 1.50 1990 - 2026 percent Monthly