Lending Rate in Turkey decreased to 12.75 percent in January from 13.50 percent in December of 2019. Turkey Overnight Lending Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Lending Rate in Turkey averaged 32.23 percent from 1996 until 2020, reaching an all time high of 2300 percent in February of 2001 and a record low of 6.50 percent in May of 2013. This page provides - Turkey Overnight Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bank of the Republic of Turkey

Lending Rate in Turkey is expected to be 12.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Lending Rate in Turkey to stand at 12.75 in 12 months time. In the long-term, the Turkey Overnight Lending Rate is projected to trend around 12.25 percent in 2021 and 11.75 percent in 2022, according to our econometric models.

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Turkey Overnight Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
12.75 13.50 2300.00 6.50 1996 - 2020 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2018-04-25 11:00 AM TCMB Overnight Lending Rate 9.25% 9.25% 9.25% 9.25%
2018-05-23 05:00 PM TCMB Overnight Lending Rate 9.25% 9.25%
2018-06-07 11:00 AM TCMB Overnight Lending Rate 19.25% 16.5% 19.5%
2018-07-24 11:00 AM TCMB Overnight Lending Rate 19.25% 19.25% 19.25% 19.25%

Turkey Overnight Lending Rate
In Turkey, lending rate refers to central bank overnight lending rate.