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Türkiye interest rate

Last updated . Updated after every CBRT MPC meeting.

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The Central Bank of the Republic of Türkiye (CBRT) policy rate, the one-week repo auction rate, is 36 per cent. The Monetary Policy Committee cut it from 37 per cent on 22 October 2026, and lowered the overnight lending and borrowing rates to 39 per cent and 34.5 per cent.

As of . Source: Press Release on Interest Rates (No. 2026-45), Central Bank of the Republic of Türkiye (CBRT).

Key facts

Each value links to the document it comes from; As of is that document's date, or the day it was read when it has none.

FactValueAs of
Policy rate (one-week repo auction rate)36 per cent
Overnight lending rate39 per cent
Overnight borrowing rate34.5 per cent
Last MPC decision22 October 2026: policy rate cut from 37 per cent to 36 per cent
Last change to the policy rate22 October 2026: cut from 37 per cent to 36 per cent
Policy rate 24 months earlier (24 October 2024)50 per cent, in force from 22 March 2024 until the cut to 47.5 per cent took effect on 27 December 2024
Medium-term inflation target5 per cent
One-week repo auctionsResumption announced on 23 August 2026; the auctions had been suspended on 1 March 2026
MPC meetings scheduled in 20268
Next MPC meeting22 October 2026

CBRT MPC decisions, last 24 months (newest first)

DateEventValue
MPC meeting: policy rate cut by 100 basis points36 per cent
MPC meeting: policy rate held37 per cent
MPC meeting: policy rate held37 per cent
MPC meeting: policy rate held37 per cent
MPC meeting: policy rate held37 per cent
MPC meeting: policy rate held37 per cent
MPC meeting: policy rate cut from 38 per cent37 per cent
MPC meeting: policy rate cut from 39.5 per cent38 per cent
MPC meeting: policy rate cut from 40.5 per cent39.5 per cent
MPC meeting: policy rate cut from 43 per cent40.5 per cent
MPC meeting: policy rate cut from 46 per cent43 per cent
MPC meeting: policy rate held46 per cent
MPC meeting: policy rate raised from 42.5 per cent46 per cent
Interim MPC meeting: policy rate held; overnight lending rate raised to 46 per cent42.5 per cent
MPC meeting: policy rate cut from 45 per cent42.5 per cent
MPC meeting: policy rate cut from 47.5 per cent45 per cent
MPC meeting: policy rate cut from 50 per cent; overnight rates set 150 basis points either side of the policy rate47.5 per cent
MPC meeting: policy rate held50 per cent

Liquidity operations in 2026

ItemValueAs of
1 March 2026One-week repo auctions suspended "for a period of time" in view of developments in financial markets
23 August 2026Decision to resume the one-week repo auctions suspended on 1 March 2026
17 September 2026Funding via one-week repo auctions to be increased when needed; banks' Interbank Money Market borrowing limits to be revised; collateral haircuts to be revised and reduced

Remaining 2026 CBRT schedule

ItemValueAs of
Summary of the October MPC meeting30 October 2026
Inflation Report12 November 2026
MPC meeting10 December 2026
Summary of the December MPC meeting17 December 2026

What to watch

Next CBRT Monetary Policy Committee meeting: 10 December 2026, with its summary due on 17 December 2026. The summary of the 22 October meeting is due on 30 October 2026 and the Inflation Report on 12 November 2026.

As of . Source: Calendar, Central Bank of the Republic of Türkiye (CBRT), Turkish-language page (Takvim).

Latest coverage

  1. Foreign holdings of Turkish securities fall to $143.2 billion in four weeks

  2. Türkiye's central bank cuts collateral haircuts and eases reserve rules

  3. Türkiye's central bank holds policy rate at 37% for a fifth straight meeting

Sources

  1. Press Release on Interest Rates (No. 2026-45)Central Bank of the Republic of Türkiye (CBRT), 22 Oct 2026
  2. Press Release on Interest Rates (No. 2026-38)Central Bank of the Republic of Türkiye (CBRT), 10 Sep 2026
  3. Summary of the Monetary Policy Committee Meeting (No. 2026-42)Central Bank of the Republic of Türkiye (CBRT), 17 Sep 2026
  4. Press Release on Interest Rates (No. 2026-28)Central Bank of the Republic of Türkiye (CBRT), 23 Jul 2026
  5. Press Release on Interest Rates (No. 2026-23)Central Bank of the Republic of Türkiye (CBRT), 11 Jun 2026
  6. Press Release on Interest Rates (No. 2026-17)Central Bank of the Republic of Türkiye (CBRT), 22 Apr 2026
  7. Press Release on Interest Rates (No. 2026-12)Central Bank of the Republic of Türkiye (CBRT), 12 Mar 2026
  8. Press Release on Interest Rates (No. 2026-01)Central Bank of the Republic of Türkiye (CBRT), 22 Jan 2026
  9. Press Release on Interest Rates (No. 2025-61)Central Bank of the Republic of Türkiye (CBRT), 11 Dec 2025
  10. Press Release on Interest Rates (No. 2025-55)Central Bank of the Republic of Türkiye (CBRT), 23 Oct 2025
  11. Press Release on Interest Rates (No. 2025-47)Central Bank of the Republic of Türkiye (CBRT), 11 Sep 2025
  12. Press Release on Interest Rates (No. 2025-41)Central Bank of the Republic of Türkiye (CBRT), 24 Jul 2025
  13. Press Release on Interest Rates (No. 2025-37)Central Bank of the Republic of Türkiye (CBRT), 19 Jun 2025
  14. Press Release on Interest Rates (No. 2025-24)Central Bank of the Republic of Türkiye (CBRT), 17 Apr 2025
  15. Interim Monetary Policy Committee Meeting Decision (No. 2025-20)Central Bank of the Republic of Türkiye (CBRT), 20 Mar 2025
  16. Press Release on Interest Rates (No. 2025-15)Central Bank of the Republic of Türkiye (CBRT), 6 Mar 2025
  17. Press Release on Interest Rates (No. 2025-05)Central Bank of the Republic of Türkiye (CBRT), 23 Jan 2025
  18. Press Release on Interest Rates (No. 2024-69)Central Bank of the Republic of Türkiye (CBRT), PDF, 26 Dec 2024
  19. Press Release on Interest Rates (No. 2024-61)Central Bank of the Republic of Türkiye (CBRT), 21 Nov 2024
  20. Press Release on Turkish Lira Liquidity Management (No. 2026-11)Central Bank of the Republic of Türkiye (CBRT), 1 Mar 2026
  21. Press Release on Turkish Lira Liquidity Management (No. 2026-35)Central Bank of the Republic of Türkiye (CBRT), 23 Aug 2026
  22. Press Release on Turkish Lira Liquidity Management (No. 2026-41)Central Bank of the Republic of Türkiye (CBRT), 17 Sep 2026
  23. Monetary Policy for 2026Central Bank of the Republic of Türkiye (CBRT), PDF; Annex 2 is the schedule for MPC meetings and reports, 28 Dec 2025
  24. CalendarCentral Bank of the Republic of Türkiye (CBRT), Turkish-language page (Takvim), undated, read 20 October 2026
  25. Central Bank Interest Rates: One-Week RepoCentral Bank of the Republic of Türkiye (CBRT), table of effective dates, undated, read 20 October 2026
  26. Press Releases 2026Central Bank of the Republic of Türkiye (CBRT), index, undated, read 20 October 2026

Last updated . Updated after every CBRT MPC meeting.