Türkiye has increased its interest rates by 6.25 percentage points, from 17.75% to an annual rate of 24%.
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 June8th 2018, when the Central Bank increased interest rates by 1.25 percentage points to 17.75%.
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.