Lending Rate in Turkey decreased to 18 percent in September from 21.25 percent in August of 2019. Lending Rate in Turkey averaged 32.24 percent from 1996 until 2019, reaching an all time high of 2300 percent in February of 2001 and a record low of 6.50 percent in May of 2013.
Lending Rate in Turkey is expected to be 21.25 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 20.50 in 12 months time. In the long-term, the Turkey Overnight Lending Rate is projected to trend around 18.75 percent in 2020, according to our econometric models.