Turkey Three Month Interbank Rate was quoted at 24.60 percent on Friday June 21. Interbank Rate in Turkey averaged 12.43 percent from 2006 until 2019, reaching an all time high of 28.52 percent in October of 2018 and a record low of 4.74 percent in May of 2013.
Interbank Rate in Turkey is expected to be 25.62 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interbank Rate in Turkey to stand at 24.12 in 12 months time. In the long-term, the Turkey Three Month Interbank Rate is projected to trend around 18.87 percent in 2020, according to our econometric models.