Turkey Overnight Lending Rate - Forecast

Lending Rate in Turkey is expected to be 19.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Lending Rate in Turkey to stand at 15.25 in 12 months time. In the long-term, the Turkey Overnight Lending Rate is projected to trend around 8.00 percent in 2020, according to our econometric models.


Forecast Data Chart
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Turkey Money Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 24 24 22 20 17.75 12.75
Interbank Rate 27.58 28.18 26.18 24.18 21.93 16.93
Money Supply M1 559184535 551000000 584000000 615000000 645000000 816000000
Money Supply M2 2031956192 1951000000 2091000000 2151000000 2211000000 2637000000
Money Supply M3 2080428516 1988000000 2109000000 2179000000 2251000000 2673000000
Foreign Exchange Reserves 128160 127482 127633 127660 127665 127665
Banks Balance Sheet 4344106245 4078000000 4451000000 4871000000 5011000000 5509000000
Loans to Private Sector 1438571065 1383000000 1433000000 1451000000 1486000000 1678000000
Deposit Interest Rate 22.5 6.5 20.5 18.5 16.25 5
Private Debt to GDP 171 177 179 179 179 182
Lending Rate 24 8.5 8.25 20 17.75 7
Foreign Stock Investment 26858 27642 27684 27614 27611 27612
Cash Reserve Ratio 12 12 12 12 12 12
Central Bank Balance Sheet 736370209 845000000 898000000 941000000 991000000 1457000000