Deposit Interest Rate in Turkey decreased to 16.50 percent in September from 17.50 percent in August of 2021. source: Central Bank of the Republic of Turkey

Deposit Interest Rate in Turkey averaged 38.66 percent from 1990 until 2021, 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 September of 2021.

Deposit Interest Rate in Turkey is expected to be 17.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Overnight Borrowing Rate is projected to trend around 11.00 percent in 2022, according to our econometric models.

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Turkey Overnight Borrowing Rate

Actual Previous Highest Lowest Dates Unit Frequency
16.50 17.50 398.10 1.50 1990 - 2021 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 18.00 19.00 500.00 4.50 percent [+]
Interbank Rate 19.41 19.41 28.52 4.74 percent [+]
Money Supply M1 1408637302.00 1421625230.80 1421625230.80 55562063.00 TRY Thousand [+]
Money Supply M2 3836079770.60 3843828525.50 3843828525.50 236620702.00 TRY Thousand [+]
Money Supply M3 3950835911.40 3957597505.00 3957597505.00 260092810.00 TRY Thousand [+]
Foreign Exchange Reserves 81420.00 79660.00 115144.00 1390.00 USD Million [+]
Banks Balance Sheet 6683002756.00 6697739675.00 6697739675.00 15859.80 TRY Thousand [+]
Loans to Private Sector 1840915200.00 1866065706.00 1866065706.00 3402.30 TRY Thousand [+]
Deposit Interest Rate 16.50 17.50 398.10 1.50 percent [+]
Private Debt to GDP 173.00 167.10 173.00 130.30 percent [+]
Lending Rate 20.50 20.50 2300.00 6.50 percent [+]
Cash Reserve Ratio 23.00 21.00 23.00 9.00 percent [+]
Central Bank Balance Sheet 1646846713.00 1432625597.00 1646846713.00 9071.00 TRY Thousand [+]
Foreign Stock Investment 22048.00 21255.00 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.