Deposit Interest Rate in Turkey remained unchanged at 17.50 percent in May from 17.50 percent in April of 2021. source: Central Bank of the Republic of Turkey

Deposit Interest Rate in Turkey averaged 38.83 percent from 1990 until 2021, reaching an all time high of 398.10 percent in April of 1994 and a record low of 1.50 percent in December of 2010. This page includes a chart with historical data for Deposit Interest Rate in Turkey. Turkey Overnight Borrowing Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Deposit Interest Rate in Turkey is expected to be 17.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Turkey to stand at 14.00 in 12 months time. In the long-term, the Turkey Overnight Borrowing Rate is projected to trend around 14.00 percent in 2022, according to our econometric models.

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Turkey Overnight Borrowing Rate

Actual Previous Highest Lowest Dates Unit Frequency
17.50 17.50 398.10 1.50 1990 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2018-04-25 11:00 AM Apr 7.25% 7.25% 7.25% 7.25%
2018-05-23 05:00 PM 7.25% 7.25%
2018-06-07 11:00 AM 16.25% 15% 18%
2018-07-24 11:00 AM Jul 16.25% 16.25% 16.25% 16.25%

Turkey Money Last Previous Highest Lowest Unit
Interest Rate 19.00 19.00 500.00 4.50 percent [+]
Interbank Rate 19.48 19.48 28.52 4.74 percent [+]
Money Supply M1 1262317652.40 1196274465.00 1262317652.40 55562063.00 TRY Thousand [+]
Money Supply M2 3555544955.80 3362342866.20 3555544955.80 236620702.00 TRY Thousand [+]
Money Supply M3 3660712293.00 3464408362.70 3660712293.00 260092810.00 TRY Thousand [+]
Foreign Exchange Reserves 46920.00 47950.00 115144.00 1390.00 USD Million [+]
Banks Balance Sheet 6019110601.00 6057082186.00 6177420310.00 15859.80 TRY Thousand [+]
Loans to Private Sector 1814808643.00 1729774867.00 1814808643.00 3402.30 TRY Thousand [+]
Deposit Interest Rate 17.50 17.50 398.10 1.50 percent [+]
Cash Reserve Ratio 19.00 19.00 19.00 9.00 percent [+]
Central Bank Balance Sheet 1361644142.00 1268111735.00 1361644142.00 9071.00 TRY Thousand [+]
Foreign Stock Investment 22002.00 21756.00 82048.00 0.00 USD Million [+]
Private Debt to GDP 165.80 162.20 169.40 130.30 percent [+]
Lending Rate 20.50 18.50 2300.00 6.50 percent [+]


Turkey Overnight Borrowing Rate
In Turkey, the Overnight Borrowing Rate refers to the rate under which banks lend or deposit money to the Central Bank.