Turkey Three Month Interbank Rate decreased to 23.39 percent on Tuesday February 19 from 23.43 percent in the previous trading day. Interbank Rate in Turkey averaged 12.09 percent from 2006 until 2019, reaching an all time high of 28.52 percent in October of 2018 and a record low of 4.74 percent in May of 2013.
Interbank Rate in Turkey is expected to be 22.04 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interbank Rate in Turkey to stand at 16.79 in 12 months time. In the long-term, the Turkey Three Month Interbank Rate is projected to trend around 16.79 percent in 2020, according to our econometric models.