The central bank of Turkey kept its benchmark one-week repo rate steady at 17% on January 21st 2021, in line with expectations, following a 200bps rise in the previous month. Policymakers said tight policy stance will remain until indicators point to a permanent fall in inflation and that additional tightening will be delivered if needed. The inflation rate in Turkey increased to 14.6 percent in December, reaching the highest level since August of 2019. source: Central Bank of the Republic of Turkey
Interest Rate in Turkey averaged 58.39 percent from 1990 until 2021, reaching an all time high of 500 percent in March of 1994 and a record low of 4.50 percent in May of 2013. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Interest Rate in Turkey is expected to be 17.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Turkey to stand at 15.00 in 12 months time. In the long-term, the Turkey Interest Rate is projected to trend around 12.50 percent in 2022, according to our econometric models.