Turkey Three Month Interbank Rate decreased to 24.08 percent on Tuesday December 18 from 24.10 percent in the previous trading day. Interbank Rate in Turkey averaged 11.93 percent from 2006 until 2018, reaching an all time high of 28.52 percent in October of 2018 and a record low of 4.74 percent in May of 2013.
Interbank Rate in Turkey is expected to be 27.26 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interbank Rate in Turkey to stand at 21.01 in 12 months time. In the long-term, the Turkey Three Month Interbank Rate is projected to trend around 16.01 percent in 2020, according to our econometric models.