Lending Rate in Turkey decreased to 12.75 percent in January from 13.50 percent in December of 2019. Lending Rate in Turkey averaged 32.23 percent from 1996 until 2020, reaching an all time high of 2300 percent in February of 2001 and a record low of 6.50 percent in May of 2013. source: Central Bank of the Republic of Turkey
Lending Rate in Turkey is expected to be 12.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Lending Rate in Turkey to stand at 12.75 in 12 months time. In the long-term, the Turkey Overnight Lending Rate is projected to trend around 11.75 percent in 2020, according to our econometric models.