Deposit Interest Rate in Turkey remained unchanged at 9.75 percent in January from 9.75 percent in January of 2020. Deposit Interest Rate in Turkey averaged 39.94 percent from 1990 until 2020, reaching an all time high of 398.10 percent in April of 1994 and a record low of 1.50 percent in December of 2010. source: Central Bank of the Republic of Turkey
Deposit Interest Rate in Turkey is expected to be 9.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Turkey to stand at 9.75 in 12 months time. In the long-term, the Turkey Overnight Borrowing Rate is projected to trend around 8.75 percent in 2020, according to our econometric models.