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Turkey INTEREST RATES

Interest rates go down in Turkey

Turkey has lowered its interest rates by 3.25 percentage points, from 19.75% to an annual rate of 16.5%.

The key rates a tool used by Central Banks to implement monetary policy.

A reduction in interest rates counters a weakening of prices, or a possible deflationary situation. It also revitalizes the economy and helps to increase exports.

This change is the first to have taken place since on July26th 2019, when the Central Bank lowered interest rates by 3.25 percentage points to 19.75%.

Here we show you the progression of interest rates in Turkey. You can see interest rates in other countries in interest rates and see all the economic information about Turkey in Turkey economy.

Turkey - Key rates
DateKey rates
09/13/201916.50%
07/26/201919.75%
09/14/201824.00%
06/08/201817.75%
06/01/201816.50%
11/25/20168.00%
02/25/20157.50%
01/21/20157.75%
07/18/20148.25%
06/25/20148.75%
05/23/20149.50%
01/29/201410.00%
05/17/20134.50%
04/17/2013500.00%
12/19/20125.50%
08/05/20115.75%
01/21/20116.25%
12/17/20106.50%
05/20/20107.00%
11/19/20096.50%
10/15/20096.75%
09/17/20097.25%
08/19/20097.75%
07/17/20098.25%
06/17/20098.75%
Turkey - Key rates