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

The central bank of Turkey left its key one-week repo rate steady at 8 percent on April 25th 2018, in line with market expectations. The overnight lending rate was also kept at 9.25 percent and the overnight borrowing rate at 7.25 percent. In contrast, the late liquidity window rate was raised by 75bps to 13.5 percent, more than forecasts of a 50bps hike. Policymakers said the economy activity remains strong while high inflation continues to pose risks. As a result, tight monetary policy will be maintained until the inflation outlook improves. Interest Rate in Turkey averaged 59.11 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Turkey Leaves Key Rate at 8%


The central bank of Turkey left its key one-week repo rate steady at 8 percent on April 25th 2018, in line with market expectations. The overnight lending rate was also kept at 9.25 percent and the overnight borrowing rate at 7.25 percent. In contrast, the late liquidity window rate was raised by 75bps to 13.5 percent, more than forecasts of a 50bps hike. Policymakers said the economy activity remains strong while high inflation continues to pose risks. As a result, tight monetary policy will be maintained until the inflation outlook improves.

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. Upside movements in import prices have increased such risks. Accordingly, the Committee decided to implement a measured monetary tightening to support price stability.

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.

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


Central Bank of Turkey | Joana Taborda | joana.taborda@tradingeconomics.com
4/25/2018 11:16:07 AM



Calendar GMT Actual Previous Consensus TEForecast
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% 8% 8%
2018-06-07 11:00 AM TCMB Interest Rate Decision 8% 8%
2018-07-24 11:00 AM TCMB Interest Rate Decision 8%
2018-09-13 11:00 AM TCMB Interest Rate Decision 8%


Turkey Money Last Previous Highest Lowest Unit
Interest Rate 8.00 8.00 500.00 4.50 percent [+]
Interbank Rate 16.26 16.30 21.07 4.74 percent [+]
Money Supply M1 463125544.80 451598420.70 463125544.80 55562063.00 TRY Thousand [+]
Money Supply M2 1722685642.20 1678936210.00 1722685642.20 236620702.00 TRY Thousand [+]
Money Supply M3 1782806870.90 1738038044.00 1782806870.90 260092810.00 TRY Thousand [+]
Foreign Exchange Reserves 139746.30 139559.60 150428.70 1240.00 USD Million [+]
Banks Balance Sheet 3219318086.00 3171588039.00 3219318086.00 15859.80 TRY Thousand [+]
Loans to Private Sector 1133784054.00 1105301988.00 1133784054.00 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 40834.00 41513.00 82048.00 0.00 USD Million [+]
Cash Reserve Ratio 12.00 12.00 13.00 9.00 percent [+]
Central Bank Balance Sheet 674240222.00 649657444.00 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 May 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 Apr/18
Mexico 7.50 May/18
Russia 7.25 Apr/18
Brazil 6.50 May/18
India 6.00 Apr/18
Indonesia 4.50 May/18
China 4.35 Apr/18
United States 1.75 May/18
Australia 1.50 May/18
South Korea 1.50 Apr/18
Canada 1.25 Apr/18
United Kingdom 0.50 May/18
Euro Area 0.00 Apr/18
France 0.00 Apr/18
Germany 0.00 Apr/18
Italy 0.00 Apr/18
Netherlands 0.00 Apr/18
Spain 0.00 Apr/18
Japan -0.10 Apr/18
Switzerland -0.75 Apr/18


Related

Latest