Lending Rate in Turkey increased to 18.50 percent in December from 16.50 percent in November of 2020. source: Central Bank of the Republic of Turkey

Lending Rate in Turkey averaged 32.19 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. Turkey Overnight Lending Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Lending Rate in Turkey is expected to be 18.50 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 18.00 in 12 months time. In the long-term, the Turkey Overnight Lending Rate is projected to trend around 16.50 percent in 2021 and 14.00 percent in 2022, according to our econometric models.

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Turkey Overnight Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
18.50 16.50 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 Money Last Previous Highest Lowest Unit
Interest Rate 17.00 17.00 500.00 4.50 percent [+]
Interbank Rate 17.53 17.53 28.52 4.74 percent [+]
Money Supply M1 1237645781.90 1247967107.80 1247967107.80 55562063.00 TRY Thousand [+]
Money Supply M2 3374829629.40 3310059556.50 3374829629.40 236620702.00 TRY Thousand [+]
Money Supply M3 3469681378.10 3414339512.70 3469681378.10 260092810.00 TRY Thousand [+]
Foreign Exchange Reserves 47900.00 48680.00 115144.00 1390.00 USD Million [+]
Banks Balance Sheet 6177739178.00 5956318799.00 6177739178.00 15859.80 TRY Thousand [+]
Loans to Private Sector 1792204368.00 1808896182.00 1808896182.00 3402.30 TRY Thousand [+]
Deposit Interest Rate 15.50 15.50 398.10 1.50 percent [+]
Private Debt to GDP 163.70 170.00 170.50 131.20 percent [+]
Lending Rate 18.50 16.50 2300.00 6.50 percent [+]
Cash Reserve Ratio 19.00 17.00 19.00 9.00 percent [+]
Central Bank Balance Sheet 1155062058.00 1203997628.00 1203997628.00 9071.00 TRY Thousand [+]
Foreign Stock Investment 30745.00 29048.00 82048.00 0.00 USD Million [+]


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