The Central Bank of Turkey held its overnight lending rate at 10% in its May 2023 meeting. source: Central Bank of the Republic of Turkey

Lending Rate in Turkey averaged 32.10 percent from 1996 until 2023, reaching an all time high of 2300.00 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 June of 2023.

Lending Rate in Turkey is expected to be 9.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Overnight Lending Rate is projected to trend around 11.50 percent in 2024 and 9.50 percent in 2025, according to our econometric models.

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Turkey Overnight Lending Rate

Calendar GMT Actual Previous Consensus TEForecast
2023-04-27 11:00 AM Apr 10% 10% 10%
2023-05-25 11:00 AM May 10% 10% 10%
2023-06-22 11:00 AM Jun 10% 10%

Related Last Previous Unit Reference
Interest Rate 8.50 8.50 percent May 2023
Money Supply M1 3523187807.60 3676969086.70 TRY Thousand May 2023
Money Supply M2 9409262174.80 9510649283.00 TRY Thousand May 2023
Money Supply M3 9525102614.60 9642090624.50 TRY Thousand May 2023
Foreign Exchange Reserves 56520.00 58830.00 USD Million May 2023
Banks Balance Sheet 15828645462.00 15025503461.00 TRY Thousand Mar 2023
Loans to Private Sector 4074572811.00 3939398157.00 TRY Thousand Apr 2023
Deposit Interest Rate 7.00 7.00 percent May 2023
Cash Reserve Ratio 25.00 25.00 percent May 2023
Lending Rate 10.00 10.00 percent May 2023
Central Bank Balance Sheet 3860781669.00 3737790996.00 TRY Thousand Apr 2023
Foreign Stock Investment 22048.00 21255.00 USD Million Aug 2021

Turkey Overnight Lending Rate
In Turkey, lending rate refers to central bank overnight lending rate.
Actual Previous Highest Lowest Dates Unit Frequency
10.00 10.00 2300.00 6.50 1996 - 2023 percent Monthly