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Turkey INTEREST RATES

Interest rates fall in Turkey

Turkey has lowered its interest rates by 4.25 percentage points, from 24% to an annual rate of 19.75%.

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 September14th 2018, when the Central Bank lowered interest rates by 4.25 percentage points to 24%.

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
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