The central bank of Turkey left its overnight borrowing rate steady at 12.5% on January 20th 2022, after a 500bps cut in the previous 4 meetings. source: Central Bank of the Republic of Turkey

Deposit Interest Rate in Turkey averaged 38.40 percent from 1990 until 2022, 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 January of 2022.

Deposit Interest Rate in Turkey is expected to be 12.50 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 2023, according to our econometric models.

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Turkey Overnight Borrowing Rate


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.
Actual Previous Highest Lowest Dates Unit Frequency
12.50 12.50 398.10 1.50 1990 - 2022 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-11-18 11:00 AM Nov 13.5% 14.5% 13.5%
2021-12-16 11:00 AM Dec 12.5% 13.5% 12.5%
2022-01-20 11:00 AM Jan 12.5% 12.5% 12.5%
2022-02-17 11:00 AM Feb 12.5% 12.5%
2022-03-17 11:00 AM Mar
2022-04-14 11:00 AM Apr


Related Last Previous Unit Reference
Interest Rate 14.00 14.00 percent Jan/22
Money Supply M1 1930287943.40 1727721341.30 TRY Thousand Dec/21
Money Supply M2 4694211915.20 4531394149.80 TRY Thousand Dec/21
Money Supply M3 4809513799.10 4664623461.40 TRY Thousand Dec/21
Foreign Exchange Reserves 70700.00 70990.00 USD Million Jan/22
Banks Balance Sheet 6773944233.00 6682893014.00 TRY Thousand Aug/21
Loans to Private Sector 2359983738.00 2004264629.00 TRY Thousand Nov/21
Deposit Interest Rate 12.50 12.50 percent Jan/22
Lending Rate 15.50 15.50 percent Jan/22
Central Bank Balance Sheet 2537679003.00 1839852798.00 TRY Thousand Nov/21
Cash Reserve Ratio 23.00 21.00 percent Sep/21
Foreign Stock Investment 22048.00 21255.00 USD Million Aug/21