Türkiye has increased its interest rates by 5 percentage points, from 45% to an annual rate of 50%.
The key rates a tool used by Central Banks to implement monetary policy.
An increase in interest rates is used to slow down inflation and protect the currency.
This change is the first to have taken place since on January26th 2024, when the Central Bank increased interest rates by 2.5 percentage points to 45%.
Here we show you the progression of interest rates in Türkiye. You can see interest rates in other countries in interest rates and see all the economic information about Türkiye in Türkiye economy.