Deposit Interest Rate in Turkey remained unchanged at 22.50 percent in January from 22.50 percent in January of 2019. Deposit Interest Rate in Turkey averaged 40.83 percent from 1990 until 2019, 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.
Deposit Interest Rate in Turkey is expected to be 22.50 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 22.50 in 12 months time. In the long-term, the Turkey Overnight Borrowing Rate is projected to trend around 16.50 percent in 2020, according to our econometric models.