Deposit Interest Rate in Turkey increased to 13.50 percent in November from 8.75 percent in October of 2020. source: Central Bank of the Republic of Turkey

Deposit Interest Rate in Turkey averaged 39.25 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. This page includes a chart with historical data for Deposit Interest Rate in Turkey. Turkey Overnight Borrowing Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Deposit Interest Rate in Turkey is expected to be 8.75 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 5.75 in 12 months time. In the long-term, the Turkey Overnight Borrowing Rate is projected to trend around 5.75 percent in 2021 and 3.75 percent in 2022, according to our econometric models.

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Turkey Overnight Borrowing Rate

Actual Previous Highest Lowest Dates Unit Frequency
13.50 8.75 398.10 1.50 1990 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2018-04-25 11:00 AM Apr 7.25% 7.25% 7.25% 7.25%
2018-05-23 05:00 PM 7.25% 7.25%
2018-06-07 11:00 AM 16.25% 15% 18%
2018-07-24 11:00 AM Jul 16.25% 16.25% 16.25% 16.25%

Turkey Money Last Previous Highest Lowest Unit
Interest Rate 15.00 10.25 500.00 4.50 percent [+]
Interbank Rate 15.89 15.89 28.52 4.74 percent [+]
Money Supply M1 1246039358.80 1230903566.40 1246039358.80 55562063.00 TRY Thousand [+]
Money Supply M2 3334337189.50 3274777899.60 3334337189.50 236620702.00 TRY Thousand [+]
Money Supply M3 3440865074.70 3378587262.60 3440865074.70 260092810.00 TRY Thousand [+]
Foreign Exchange Reserves 43711.00 40374.00 115144.00 1389.90 USD Million [+]
Banks Balance Sheet 5613388052.00 5342310743.00 5613388052.00 15859.80 TRY Thousand [+]
Loans to Private Sector 1734171932.00 1702718610.00 1734171932.00 3402.30 TRY Thousand [+]
Deposit Interest Rate 13.50 8.75 398.10 1.50 percent [+]
Private Debt to GDP 163.70 170.00 170.50 131.20 percent [+]
Lending Rate 11.75 11.75 2300.00 6.50 percent [+]
Cash Reserve Ratio 17.00 15.00 17.00 9.00 percent [+]
Central Bank Balance Sheet 1203997628.00 1129085410.00 1203997628.00 9071.00 TRY Thousand [+]
Foreign Stock Investment 25194.00 23401.00 82048.00 0.00 USD Million [+]


Turkey Overnight Borrowing Rate
In Turkey, the Overnight Borrowing Rate refers to the rate under which banks lend or deposit money to the Central Bank.