Turkey Policy Rate
1996 - 2024 | Monthly | % pa | Central Bank of the Republic of Turkey
Key information about Turkey Policy Rate
- Turkey cash rate (Policy Rate: Month End: Repo Rate: 1 Week) was set at 50.00 % pa in Mar 2024, compared with 45.00 % pa in the previous Feb 2024.
- Turkey Policy Rate averaged 10.38 % pa and is updated monthly, available from Jun 1996 to Mar 2024.
- The data reached an all-time high of 150.16 % pa in Dec 1999 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.
View Turkey's Policy Rate from Jun 1996 to Mar 2024 in the chart:
What was Turkey's Policy Rate in Mar 2024?
Turkey cash rate (Policy Rate: Month End: Repo Rate: 1 Week) was set at 50.00 % pa in Mar 2024, compared with 45.00 % pa in the previous Feb 2024. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 50.00 Mar 2024 | 45.00 Feb 2024 | 4.50 Dec 2013 | 150.16 Dec 1999 | % pa | monthly | Jun 1996 - Mar 2024 |
Policy Rate by Country Comparison
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Includes Policy Rate on 108 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 3.25 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
| Algeria (% pa) | 3.00 Sep 2023 | monthly | Jan 1963 - Sep 2023 |
| Argentina (%) | 70.20 Mar 2024 | monthly | Aug 1985 - Mar 2024 |
| Armenia (% pa) | 8.50 Mar 2024 | monthly | May 2001 - Mar 2024 |
| Australia (% pa) | 4.35 Mar 2024 | monthly | Aug 1990 - Mar 2024 |
| Austria (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Azerbaijan (% pa) | 7.50 Apr 2024 | monthly | Jan 2005 - Apr 2024 |
| Bahrain (% pa) | 6.25 Mar 2024 | monthly | Jan 2007 - Mar 2024 |
| Bangladesh (% pa) | 8.00 Feb 2024 | monthly | Sep 2009 - Feb 2024 |
| Belarus (% pa) | 9.50 Mar 2024 | monthly | Jul 1991 - Mar 2024 |
| Belgium (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Bolivia (% pa) | 3.01 Mar 2024 | monthly | Jan 2013 - Mar 2024 |
| Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
| Brazil (% pa) | 10.75 Mar 2024 | monthly | Mar 1999 - Mar 2024 |
| Bulgaria (% pa) | 3.79 Apr 2024 | monthly | Feb 1991 - Apr 2024 |
| Canada (% pa) | 5.00 Mar 2024 | monthly | Dec 1992 - Mar 2024 |
| Chile (% pa) | 7.25 Mar 2024 | monthly | May 1995 - Mar 2024 |
| China (% pa) | 2.65 Jun 2023 | monthly | Jan 2016 - Jun 2023 |
| Colombia (% pa) | 12.25 Mar 2024 | monthly | Apr 1995 - Mar 2024 |
| Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
| Cyprus (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Czech Republic (% pa) | 4.75 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| Denmark (% pa) | 3.60 Mar 2024 | monthly | Aug 1914 - Mar 2024 |
| Ecuador (% pa) | 10.53 Mar 2024 | monthly | Jul 1995 - Mar 2024 |
| Egypt (% pa) | 27.75 Mar 2024 | monthly | Jan 1991 - Mar 2024 |
| Estonia (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| European Union (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Finland (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| France (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Georgia (% pa) | 8.25 Mar 2024 | monthly | Jan 2008 - Mar 2024 |
| Germany (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Ghana (% pa) | 29.50 May 2023 | monthly | Nov 2002 - May 2023 |
| Greece (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Hong Kong SAR, China (% pa) | 5.75 Mar 2024 | monthly | Jun 1992 - Mar 2024 |
| Hungary (% pa) | 8.25 Mar 2024 | monthly | Oct 1990 - Mar 2024 |
| Iceland (% pa) | 10.00 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
| India (% pa) | 6.50 Mar 2024 | monthly | Apr 2001 - Mar 2024 |
| Indonesia (% pa) | 6.00 Mar 2024 | monthly | Jun 2015 - Mar 2024 |
| Ireland (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Israel (% pa) | 4.50 Mar 2024 | monthly | Dec 1998 - Mar 2024 |
| Italy (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Ivory Coast (% pa) | 2.50 Mar 2017 | monthly | Jan 1964 - Mar 2017 |
| Japan (% pa) | -0.10 Jun 2023 | monthly | Nov 2008 - Jun 2023 |
| Jordan (% pa) | 8.50 Mar 2024 | monthly | Dec 1965 - Mar 2024 |
| Kazakhstan (% pa) | 14.75 Mar 2024 | monthly | Feb 1992 - Mar 2024 |
| Kenya (% pa) | 13.00 Mar 2024 | monthly | Jul 2003 - Mar 2024 |
| South Korea (% pa) | 3.50 Mar 2024 | monthly | May 1999 - Mar 2024 |
| Kosovo (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Kuwait (% pa) | 4.25 Mar 2024 | monthly | Jul 1999 - Mar 2024 |
| Kyrgyzstan (% pa) | 13.00 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Laos (% pa) | 7.50 May 2023 | monthly | Dec 1992 - May 2023 |
| Latvia (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Lebanon (% pa) | 10.00 Jan 2023 | monthly | Apr 1964 - Jan 2023 |
| Lithuania (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Luxembourg (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Macau SAR, China (% pa) | 5.75 Mar 2024 | monthly | Dec 1999 - Mar 2024 |
| North Macedonia (% pa) | 6.30 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
| Malawi (% pa) | 26.00 Mar 2024 | monthly | Jan 1980 - Mar 2024 |
| Malaysia (% pa) | 3.00 Mar 2024 | monthly | Apr 2004 - Mar 2024 |
| Malta (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Mauritius (% pa) | 4.50 Mar 2024 | monthly | Dec 1999 - Mar 2024 |
| Mexico (% pa) | 11.25 Feb 2024 | monthly | Jan 2008 - Feb 2024 |
| Moldova (% pa) | 3.75 Mar 2024 | monthly | Feb 2001 - Mar 2024 |
| Mongolia (% pa) | 12.00 Mar 2024 | monthly | Jul 2007 - Mar 2024 |
| Montenegro (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Morocco (% pa) | 3.00 Mar 2024 | monthly | Jun 1995 - Mar 2024 |
| Myanmar (% pa) | 7.00 2024 | yearly | 1986 - 2024 |
| Nepal (% pa) | 7.00 Mar 2024 | monthly | Jul 2003 - Mar 2024 |
| Netherlands (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| New Zealand (% pa) | 5.50 May 2023 | monthly | Mar 1999 - May 2023 |
| Nigeria (% pa) | 24.75 Mar 2024 | monthly | Dec 2006 - Mar 2024 |
| Norway (% pa) | 4.50 Mar 2024 | monthly | Jan 1991 - Mar 2024 |
| Oman (% pa) | 6.00 Apr 2024 | monthly | May 2007 - Apr 2024 |
| Pakistan (% pa) | 23.00 Mar 2024 | monthly | Feb 1992 - Mar 2024 |
| Paraguay (% pa) | 6.00 Mar 2024 | monthly | Jul 2010 - Mar 2024 |
| Peru (% pa) | 6.25 Mar 2024 | monthly | Sep 2003 - Mar 2024 |
| Philippines (% pa) | 7.00 Mar 2024 | monthly | Jun 2016 - Mar 2024 |
| Poland (% pa) | 5.75 Apr 2024 | monthly | Jan 2005 - Apr 2024 |
| Portugal (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Qatar (% pa) | 6.25 Feb 2024 | monthly | Mar 2003 - Feb 2024 |
| Romania (% pa) | 7.00 Mar 2024 | monthly | Jan 2003 - Mar 2024 |
| Russia (% pa) | 16.00 Mar 2024 | monthly | Sep 2013 - Mar 2024 |
| Saudi Arabia (% pa) | 6.00 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
| Serbia (% pa) | 6.50 Mar 2024 | monthly | Jan 2001 - Mar 2024 |
| Singapore (% pa) | 4.00 Jun 2023 | monthly | Jul 2005 - Jun 2023 |
| Slovakia (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Slovenia (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| South Africa (% pa) | 8.25 Mar 2024 | monthly | Nov 1999 - Mar 2024 |
| Spain (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Sri Lanka (% pa) | 8.50 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
| Sweden (% pa) | 4.00 Feb 2024 | monthly | Jan 1987 - Feb 2024 |
| Switzerland (% pa) | 1.45 Apr 2024 | monthly | Jun 1999 - Apr 2024 |
| Syria (% pa) | 5.00 Feb 2024 | monthly | Jan 1962 - Feb 2024 |
| Taiwan (% pa) | 2.00 Mar 2024 | monthly | Jul 1961 - Mar 2024 |
| Tajikistan (% pa) | 9.50 Mar 2024 | monthly | Jun 1995 - Mar 2024 |
| Thailand (% pa) | 2.50 Mar 2024 | monthly | May 2000 - Mar 2024 |
| Tunisia (% pa) | 8.00 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
| Turkey (% pa) | 50.00 Mar 2024 | monthly | Jun 1996 - Mar 2024 |
| Ukraine (% pa) | 14.50 Mar 2024 | monthly | Dec 1992 - Mar 2024 |
| United Arab Emirates (% pa) | 5.40 Mar 2024 | monthly | Nov 2007 - Mar 2024 |
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Includes 249 key indicators for Turkey, curated by CEIC analysts. Instant access to full history data in excel.
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -5.3 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Consolidated Fiscal Balance (USD mn) | -7,844.487 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Tax Revenue (USD mn) | 13,220.533 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Tax Revenue: % of GDP (%) | 18.0 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
| National Government Debt (USD mn) | 254,513.1 2022 | yearly | 2001 - 2022 |
| Government Debt: % of GDP (%) | 29.5 Dec 2023 | quarterly | Dec 2001 - Dec 2023 |
| Forecast: Government Expenditure (TRY bn) | 62,930.420 2028 | yearly | 2000 - 2028 |
| Forecast: Government Net Debt (TRY bn) | 60,762.080 2028 | yearly | 2000 - 2028 |
| Forecast: Government Revenue (TRY bn) | 56,428.620 2028 | yearly | 2000 - 2028 |
| General Budget: Revenue (TRY mn) | 518,331.430 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
| General Budget: Expenditure (TRY mn) | 685,109.740 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
| General Budget: Cash Balance (TRY mn) | -166,778.310 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
| General Budget: ytd: Revenue (TRY th) | 1,109,903,150.658 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 1,535,309,409.705 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| General Budget: ytd: Revenue: Tax (TRY th) | 923,492,012.994 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 39,280,820.339 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| General Budget: ytd: Balance (TRY th) | -425,406,259.047 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 701,496,210.599 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 224,813,506.044 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Central Government Debt: External (TRY mn) | 538,505.357 Mar 2019 | monthly | Jan 2002 - Mar 2019 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.230 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -8,483.7 Apr 2023 | monthly | Jan 2013 - Apr 2023 |
| Total Exports (USD mn) | 14,265.9 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Exports Growth (%) | 0.9 May 2023 | monthly | Jan 2014 - May 2023 |
| Aluminum: Exports (USD th) | 5,241,090.145 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 1,290,644.710 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 651,764.672 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 17,684.5 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Imports Growth (%) | 6.5 May 2023 | monthly | Jan 2014 - May 2023 |
| Imports: Medicament (USD th) | 2,306,593.258 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 2,692,489.997 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 1,332.448 Feb 2024 | monthly | Apr 1964 - Feb 2024 |
| Total Imports from USA (USD mn) | 1,337.223 Feb 2024 | monthly | Apr 1964 - Feb 2024 |
| Total Exports to China (USD mn) | 252.828 Feb 2024 | monthly | Jan 2013 - Feb 2024 |
| Total Imports from China (USD mn) | 3,434.292 Feb 2024 | monthly | Sep 1992 - Feb 2024 |
| Trade Balance: USD (USD mn) | -2,136.727 Mar 2019 | monthly | Jan 1969 - Mar 2019 |
| Natural Gas: Annual: Production (Cub m mn) | 408.017 2022 | yearly | 1976 - 2022 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.5 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
| Household Debt: % of GDP (%) | 11.7 Sep 2023 | quarterly | Dec 2014 - Sep 2023 |
| Non-Performing Loans (USD mn) | 6,290.680 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
| Money Supply M1 (USD mn) | 164,594.042 Feb 2024 | monthly | Dec 1963 - Feb 2024 |
| Money Supply M2 (USD mn) | 450,114.582 Feb 2024 | monthly | Dec 1976 - Feb 2024 |
| M2 Growth (%) | 62.1 Feb 2024 | monthly | Dec 1977 - Feb 2024 |
| Reserve Requirement Ratio (%) | 8.0 Mar 2024 | monthly | Jan 2011 - Mar 2024 |
| Foreign Exchange Reserves (USD mn) | 71,600.0 Feb 2024 | monthly | Apr 2000 - Feb 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 7.776 Dec 2023 | quarterly | Jun 2000 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.6 Feb 2024 | monthly | Apr 2000 - Feb 2024 |
| Gold Reserves (USD mn) | 48,378.000 Jan 2024 | monthly | Dec 1956 - Jan 2024 |
| Total Deposits (USD mn) | 486,028.613 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
| Total Deposits Growth (%) | 60.4 Feb 2024 | monthly | Dec 2003 - Feb 2024 |
| Domestic Credit (USD mn) | 519,194.2 Feb 2024 | monthly | Jan 1986 - Feb 2024 |
| Domestic Credit Growth (%) | 58.0 Feb 2024 | monthly | Jan 1987 - Feb 2024 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 23.000 Sep 2023 | quarterly | Mar 2002 - Sep 2023 |
| Credit to Households (USD bn) | 93.089 Sep 2023 | quarterly | Mar 1986 - Sep 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 512.544 Sep 2023 | quarterly | Mar 1986 - Sep 2023 |
| Household Debt (USD mn) | 89,667.2 Feb 2024 | monthly | Jan 1986 - Feb 2024 |
| Total Loans (USD mn) | 324,417.133 Feb 2024 | monthly | Jan 1986 - Feb 2024 |
| Total Loans Growth (%) | 53.42 Feb 2024 | monthly | Jan 1987 - Feb 2024 |
| Private Debt: % of Nominal GDP (%) | 33.94 Dec 2023 | quarterly | Dec 1998 - Dec 2023 |
| Money Supply: M3 (TRY th) | 14,588,900,986.000 Feb 2024 | monthly | Dec 2005 - Feb 2024 |
| Asset Quality: Banking Sector: NPL to Total Loan (%) | 1.545 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -0.6 Mar 2024 | monthly | Jan 2008 - Mar 2024 |
| Composite Leading Indicator Index: Trend Restored (NA) | 392.630 Feb 2024 | monthly | Dec 1987 - Feb 2024 |
| Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 103.500 Mar 2024 | monthly | Jan 2007 - Mar 2024 |
| Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 113.301 Mar 2024 | monthly | Jan 2011 - Mar 2024 |
| Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 88.554 Mar 2024 | monthly | Jan 2011 - Mar 2024 |
| Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 120.433 Mar 2024 | monthly | Jan 2011 - Mar 2024 |
More Indicators for Turkey
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