Turkey Policy Rate
Turkey cash rate (Policy Rate: Month End: Repo Rate: 1 Week) was set at 17.00 % pa in Dec 2020, compared with 15.00 % pa in the previous Nov 2020. Turkey Policy Rate averaged 7.50 % pa and is updated monthly, available from May 2010 to Dec 2020. The data reached an all-time high of 24.00 % pa in Jun 2019 and a record low of 4.50 % pa in Dec 2013. The Central Bank of the Republic of Turkey changed the monetary policy rate as the interest rate for 1 week repo transactions on April 14th, 2010. According to the former policy rate, the Overnight Borrowing Rate was used as Policy Rate.
In the latest reports, Turkey Short Term Interest Rate: Month End: TRLIBOR: 3 Months was reported at 15.69 % pa in Oct 2020. Its Long Term Interest Rate (Long Term Interest Rate: Month End: Turkey: Government Bond Yield: 10 Years) was reported at 12.98 % pa in Oct 2020. Turkey Exchange Rate against USD averaged 7.88 (TRY/USD) in Oct 2020.
View Turkey's Policy Rate from May 2010 to Dec 2020 in the chart:
What was Turkey's Policy Rate in Dec 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 17.00 Dec 2020 | 15.00 Nov 2020 | 4.50 Dec 2013 | 24.00 Jun 2019 | % pa | monthly | May 2010 - Dec 2020 |
Policy Rate by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 0.50 Oct 2020 | monthly | Jan 2000 - Oct 2020 |
| Algeria (% pa) | 3.00 Dec 2020 | monthly | Jan 1963 - Dec 2020 |
| Argentina (%) | 30.79 Oct 2020 | monthly | Aug 1985 - Oct 2020 |
| Armenia (% pa) | 5.25 Dec 2020 | monthly | May 2001 - Dec 2020 |
| Australia (% pa) | 0.10 Nov 2020 | monthly | Aug 1990 - Nov 2020 |
| Austria (% pa) | 0.00 Dec 2020 | monthly | Jan 1999 - Dec 2020 |
| Azerbaijan (% pa) | 6.50 Nov 2020 | monthly | Jan 2005 - Nov 2020 |
| Bahrain (% pa) | 1.00 Dec 2020 | monthly | Jan 2007 - Dec 2020 |
| Bangladesh (% pa) | 4.75 Nov 2020 | monthly | Sep 2009 - Nov 2020 |
| Belarus (% pa) | 7.75 Dec 2020 | monthly | Jul 1991 - Dec 2020 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.5 Jun 2020 | quarterly | Dec 2006 - Jun 2020 |
| Consolidated Fiscal Balance (USD mn) | -580.134 Oct 2020 | monthly | Jan 2006 - Oct 2020 |
| Tax Revenue (USD mn) | 12,389.694 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| Tax Revenue: % of GDP (%) | 17.1 Sep 2020 | quarterly | Mar 2006 - Sep 2020 |
| National Government Debt (USD mn) | 247,523.1 2019 | yearly | 2001 - 2019 |
| Government Debt: % of GDP (%) | 39.4 Jun 2020 | quarterly | Dec 2001 - Jun 2020 |
| Forecast: Government Expenditure (TRY bn) | 3,254.416 2025 | yearly | 2000 - 2025 |
| Forecast: Government Net Debt (TRY bn) | 4,457.983 2025 | yearly | 2000 - 2025 |
| Forecast: Government Revenue (TRY bn) | 2,597.422 2025 | yearly | 2000 - 2025 |
| General Budget: ytd: Revenue (TRY th) | 912,490,285.000 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 1,042,301,431.000 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| General Budget: ytd: Revenue: Tax (TRY th) | 754,592,889.000 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 31,146,981.000 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 262,210,898.000 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| General Budget: ytd: Balance (TRY th) | -129,811,146.000 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| Central Government Debt: External (TRY mn) | 538,505.357 Mar 2019 | monthly | Jan 2002 - Mar 2019 |
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