Turkey Three Month Interbank Rate was quoted at 16.40 percent on Monday August 19. Interbank Rate in Turkey averaged 12.53 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 20.50 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 18.25 in 12 months time. In the long-term, the Turkey Three Month Interbank Rate is projected to trend around 13.50 percent in 2020, according to our econometric models.