The benchmark interest rate in Turkey was last recorded at 45 percent. 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 calen
Turkish CB Cuts Interest Rate For First Time Since Early 2023 Turkey's central bank lowered its key policy rate on Thursday, signaling a start to the easing cycle, after maintaining the key interest rate at a high level since the summer of 2023 amid the elevated inflationary pressures. ...
In 2023, Erdogan appointed a new economic team, reversing the unconventional policies and initiating a series of rate hikes. Before the rate cut in December, the central bank had maintained the interest rate at 50% for several months.Popular...
A worker counts Turkish lira banknotes in an exchange currency shop in Istanbul, Turkey, Tuesday, June 20, 2023. Turkey's central bank delivered a large interest rate hike Thursday, signaling a shift toward more conventional economic policies to counter sky-high...
ANKARA, Turkey (AP) — Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 45% on Thursday, in its second rate cut in as many months as official figures showed inflation was easing.
The weighted average interest rates of housing bank loans in Turkey fluctuated during the period from June 2015 to October 2024. As of October 2024, the average interest rate reached 41.3 percent. The highest average interest rate was seen in the last week of March 2024 and amounted to over ...
Turkey's central bank on Thursday hiked its main interest rate to 17 percent in what economists greeted as a sign that the financially troubled country was embracing monetary orthodoxy once again. The decision means that Turkey's policy rate has shot up by 6.75 percentage points in just a mont...
The central bank has hiked rates by 4,150 basis points since June last year as part of an abrupt shift to economic orthodoxy, and has kept its policy rate steady at 50% since March. It is watching monthly inflation closely as it decides when to cut its main interest ...
The monthly maximum overdue interest rate was lowered to 1.55% for the lira and 1.3% for foreign currencies, the bank said in a statement on Saturday. The revisions will take effect on April 1. The central bank added it will no longer announce the maximum rates for credit cards quarterly;...
September 27 2023 InterviewTurkish economy Turkey’s finance minister says ‘challenging’ conditions will take time to turn around Mehmet Şimşek claims Erdoğan has thrown ‘support and commitment’ behind recent interest rate increases September 26 2023 ...