Turkey Policy Rate
Key information about Turkey Policy Rate
- Turkey cash rate (Policy Rate: Month End: Repo Rate: 1 Week) was set at 37.00 % pa in Jan 2026, compared with 38.00 % pa in the previous Dec 2025.
- Turkey Policy Rate averaged 8.25 % pa and is updated monthly, available from Jun 1996 to Jan 2026.
- 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 Jan 2026 in the chart:
What was Turkey's Policy Rate in Jan 2026?
Turkey cash rate (Policy Rate: Month End: Repo Rate: 1 Week) was set at 37.00 % pa in Jan 2026, compared with 38.00 % pa in the previous Dec 2025. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 37.00 Jan 2026 | 38.00 Dec 2025 | 4.50 Dec 2013 | 150.16 Dec 1999 | % pa | monthly | Jun 1996 - Jan 2026 |
Policy Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 2.50 Jan 2026 | monthly | Jan 2000 - Jan 2026 |
| Algeria (% pa) | 2.75 Jan 2026 | monthly | Jan 1963 - Jan 2026 |
| Argentina (%) | 28.57 Jan 2026 | monthly | Jan 1985 - Jan 2026 |
| Armenia (% pa) | 6.50 Jan 2026 | monthly | May 2001 - Jan 2026 |
| Australia (% pa) | 3.60 Jan 2026 | monthly | Aug 1990 - Jan 2026 |
| Austria (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Azerbaijan (% pa) | 6.50 Feb 2026 | monthly | Jan 2005 - Feb 2026 |
| Bahrain (% pa) | 4.50 Jan 2026 | monthly | Jan 2007 - Jan 2026 |
| Bangladesh (% pa) | 10.00 Oct 2025 | monthly | Sep 2009 - Oct 2025 |
| Belarus (% pa) | 9.75 Jan 2026 | monthly | Jul 1991 - Jan 2026 |
| Belgium (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Bolivia (% pa) | 3.34 Jan 2026 | monthly | Jan 2013 - Jan 2026 |
| Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
| Brazil (% pa) | 15.00 Jan 2026 | monthly | Mar 1999 - Jan 2026 |
| Bulgaria (% pa) | 1.81 Dec 2025 | monthly | Feb 1991 - Dec 2025 |
| Canada (% pa) | 2.25 Jan 2026 | monthly | Dec 1992 - Jan 2026 |
| Chile (% pa) | 4.50 Dec 2025 | monthly | May 1995 - Dec 2025 |
| China (% pa) | 1.40 Nov 2025 | monthly | May 2012 - Nov 2025 |
| Colombia (% pa) | 10.25 Feb 2026 | monthly | Apr 1995 - Feb 2026 |
| Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
| Cyprus (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Czech Republic (% pa) | 2.50 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Denmark (% pa) | 1.60 Jan 2026 | monthly | Aug 1914 - Jan 2026 |
| Ecuador (% pa) | 7.74 Jan 2026 | monthly | Jul 1995 - Jan 2026 |
| Egypt (% pa) | 20.50 Jan 2026 | monthly | Jan 1991 - Jan 2026 |
| Estonia (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| European Union (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Finland (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| France (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Georgia (% pa) | 8.00 Jan 2026 | monthly | Jan 2008 - Jan 2026 |
| Germany (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Ghana (% pa) | 25.00 Nov 2025 | monthly | Nov 2002 - Nov 2025 |
| Greece (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Hong Kong SAR, China (% pa) | 4.00 Jan 2026 | monthly | Jun 1992 - Jan 2026 |
| Hungary (% pa) | 6.50 Jan 2026 | monthly | Oct 1990 - Jan 2026 |
| Iceland (% pa) | 8.00 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| India (% pa) | 5.25 Jan 2026 | monthly | Apr 2001 - Jan 2026 |
| Indonesia (% pa) | 4.75 Jan 2026 | monthly | Jun 2015 - Jan 2026 |
| Ireland (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Israel (% pa) | 4.00 Jan 2026 | monthly | Dec 1998 - Jan 2026 |
| Italy (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Ivory Coast (% pa) | 2.50 Mar 2017 | monthly | Jan 1964 - Mar 2017 |
| Japan (% pa) | 0.50 Nov 2025 | monthly | Mar 2006 - Nov 2025 |
| Jordan (% pa) | 6.75 Jan 2026 | monthly | Dec 1965 - Jan 2026 |
| Kazakhstan (% pa) | 18.00 Jan 2026 | monthly | Feb 1992 - Jan 2026 |
| Kenya (% pa) | 9.00 Jan 2026 | monthly | Jul 2003 - Jan 2026 |
| South Korea (% pa) | 2.50 Jan 2026 | monthly | May 1999 - Jan 2026 |
| Kosovo (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Kuwait (% pa) | 3.50 Jan 2026 | monthly | Jul 1999 - Jan 2026 |
| Kyrgyzstan (% pa) | 11.00 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Laos (% pa) | 8.50 Nov 2025 | monthly | Dec 1992 - Nov 2025 |
| Latvia (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Lebanon (% pa) | 20.00 Sep 2025 | monthly | Apr 1964 - Sep 2025 |
| Lithuania (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Luxembourg (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Macau SAR, China (% pa) | 4.00 Jan 2026 | monthly | Dec 1999 - Jan 2026 |
| North Macedonia (% pa) | 4.00 Feb 2026 | monthly | Jan 2002 - Feb 2026 |
| Malawi (% pa) | 26.00 Jan 2026 | monthly | Jan 1980 - Jan 2026 |
| Malaysia (% pa) | 2.75 Jan 2026 | monthly | Apr 2004 - Jan 2026 |
| Malta (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Mauritius (% pa) | 4.50 Jan 2026 | monthly | Dec 1999 - Jan 2026 |
| Mexico (% pa) | 7.00 Jan 2026 | monthly | Jan 2008 - Jan 2026 |
| Moldova (% pa) | 5.00 Jan 2026 | monthly | Feb 2001 - Jan 2026 |
| Mongolia (% pa) | 12.00 Jan 2026 | monthly | Jul 2007 - Jan 2026 |
| Montenegro (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Morocco (% pa) | 2.25 Jan 2026 | monthly | Jun 1995 - Jan 2026 |
| Myanmar (% pa) | 9.00 2025 | yearly | 1986 - 2025 |
| Nepal (% pa) | 5.75 Dec 2025 | monthly | Jul 2003 - Dec 2025 |
| Netherlands (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| New Zealand (% pa) | 2.25 Nov 2025 | monthly | Mar 1999 - Nov 2025 |
| Nigeria (% pa) | 27.00 Jan 2026 | monthly | Jan 2000 - Jan 2026 |
| Norway (% pa) | 4.00 Jan 2026 | monthly | Jan 1991 - Jan 2026 |
| Oman (% pa) | 4.25 Feb 2026 | monthly | May 2007 - Feb 2026 |
| Pakistan (% pa) | 11.50 Jan 2026 | monthly | Feb 1992 - Jan 2026 |
| Paraguay (% pa) | 5.75 Jan 2026 | monthly | Jul 2010 - Jan 2026 |
| Peru (% pa) | 4.25 Jan 2026 | monthly | Sep 2003 - Jan 2026 |
| Philippines (% pa) | 5.25 Nov 2025 | monthly | Jun 2016 - Nov 2025 |
| Poland (% pa) | 4.00 Jan 2026 | monthly | Jan 2005 - Jan 2026 |
| Portugal (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Qatar (% pa) | 4.35 Jan 2026 | monthly | Mar 2003 - Jan 2026 |
| Romania (% pa) | 6.50 Jan 2026 | monthly | Jan 2003 - Jan 2026 |
| Russia (% pa) | 16.00 Jan 2026 | monthly | Sep 2013 - Jan 2026 |
| Saudi Arabia (% pa) | 4.25 Jan 2026 | monthly | Jan 2000 - Jan 2026 |
| Serbia (% pa) | 5.75 Jan 2026 | monthly | Jan 2001 - Jan 2026 |
| Singapore (% pa) | 1.05 Nov 2025 | monthly | Jul 2005 - Nov 2025 |
| Slovakia (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Slovenia (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| South Africa (% pa) | 6.75 Jan 2026 | monthly | Nov 1999 - Jan 2026 |
| Spain (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Sri Lanka (% pa) | 7.25 Jan 2026 | monthly | Jan 1997 - Jan 2026 |
| Sweden (% pa) | 1.75 Jan 2026 | monthly | Jan 1987 - Jan 2026 |
| Switzerland (% pa) | -0.05 Jan 2026 | monthly | Jun 1999 - Jan 2026 |
| Syria (% pa) | 5.00 Dec 2025 | monthly | Jan 1962 - Dec 2025 |
| Taiwan, China (% pa) | 2.00 Nov 2025 | monthly | Jul 1961 - Nov 2025 |
| Tajikistan (% pa) | 7.50 Dec 2025 | monthly | Jun 1995 - Dec 2025 |
| Thailand (% pa) | 1.25 Jan 2026 | monthly | May 2000 - Jan 2026 |
| Tunisia (% pa) | 7.00 Jan 2026 | monthly | Jan 2000 - Jan 2026 |
| Turkey (% pa) | 37.00 Jan 2026 | monthly | Jun 1996 - Jan 2026 |
| Ukraine (% pa) | 15.50 Jan 2026 | monthly | Dec 1992 - Jan 2026 |
| United Arab Emirates (% pa) | 3.65 Jan 2026 | monthly | Nov 2007 - Jan 2026 |
Accurate Macro & Micro Economic Data You Can Trust
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Learn more about what we doTurkey Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.2 Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Consolidated Fiscal Balance (USD mn) | -14,059.848 Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| Tax Revenue (USD mn) | 24,574.286 Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| Tax Revenue: % of GDP (%) | 17.1 Sep 2025 | quarterly | Mar 2006 - Sep 2025 |
| National Government Debt (USD mn) | 298,427.1 2024 | yearly | 2001 - 2024 |
| Government Debt: % of GDP (%) | 24.5 Sep 2025 | quarterly | Dec 2001 - Sep 2025 |
| Forecast: Government Expenditure (TRY bn) | 54,988.117 2030 | yearly | 2000 - 2030 |
| Forecast: Government Net Debt (TRY bn) | 43,869.538 2030 | yearly | 2000 - 2030 |
| Forecast: Government Revenue (TRY bn) | 49,153.935 2030 | yearly | 2000 - 2030 |
| General Budget: ytd: Revenue (TRY th) | 12,538,377,799.919 Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 14,469,666,424.314 Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| General Budget: ytd: Revenue: Tax (TRY th) | 11,049,467,397.527 Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 6,034,006,168.360 Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 4,154,314,397.161 Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 770,454,484.583 Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| General Budget: Revenue (TRY mn) | 1,365,011.300 Jan 2026 | monthly | Jan 2005 - Jan 2026 |
| General Budget: Expenditure (TRY mn) | 1,611,197.770 Jan 2026 | monthly | Jan 2005 - Jan 2026 |
| General Budget: Cash Balance (TRY mn) | -246,186.470 Jan 2026 | monthly | Jan 2005 - Jan 2026 |
| General Budget: ytd: Balance (TRY th) | -148,404,035.193 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| 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) | -9,122.7 Oct 2025 | monthly | Jan 2013 - Oct 2025 |
| Total Exports (USD mn) | 14,265.9 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Exports Growth (%) | 2.2 Oct 2025 | monthly | Jan 2014 - Oct 2025 |
| Aluminum: Exports (USD th) | 3,851,910.706 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 1,409,898.365 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 907,071.763 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 17,684.5 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Imports Growth (%) | 6.6 Oct 2025 | monthly | Jan 2014 - Oct 2025 |
| Imports: Medicament (USD th) | 2,648,171.753 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 3,230,287.747 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 1,564.143 Dec 2025 | monthly | Apr 1964 - Dec 2025 |
| Total Imports from USA (USD mn) | 2,021.038 Dec 2025 | monthly | Apr 1964 - Dec 2025 |
| Total Exports to China (USD mn) | 338.156 Dec 2025 | monthly | Jan 2013 - Dec 2025 |
| Total Imports from China (USD mn) | 4,649.231 Dec 2025 | monthly | Sep 1992 - Dec 2025 |
| Trade Balance: USD (USD mn) | -2,136.727 Mar 2019 | monthly | Jan 1969 - Mar 2019 |
| Natural Gas: Annual: Production (Cub m mn) | 851.970 2023 | yearly | 1976 - 2023 |
| Export Value Index (2015=100) | 149.169 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 127.060 2021 | yearly | 1980 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 2.5 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Household Debt: % of GDP (%) | 10.2 Sep 2025 | quarterly | Dec 2014 - Sep 2025 |
| Non-Performing Loans (USD mn) | 13,808.273 Dec 2025 | monthly | Dec 2002 - Dec 2025 |
| Money Supply M1 (USD mn) | 233,988.129 Dec 2025 | monthly | Dec 1963 - Dec 2025 |
| Money Supply M2 (USD mn) | 576,653.572 Dec 2025 | monthly | Dec 1976 - Dec 2025 |
| M2 Growth (%) | 40.6 Dec 2025 | monthly | Dec 1977 - Dec 2025 |
| Reserve Requirement Ratio (%) | 8.0 Jan 2026 | monthly | Jan 2011 - Jan 2026 |
| Foreign Exchange Reserves (USD mn) | 76,617.0 Jan 2026 | monthly | Apr 2000 - Jan 2026 |
| Foreign Exchange Reserves: % of GDP (%) | 4.879 Sep 2025 | quarterly | Jun 2000 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.7 Jan 2026 | monthly | Apr 2000 - Jan 2026 |
| Gold Reserves (USD mn) | 97,765.000 Sep 2025 | monthly | Dec 1956 - Sep 2025 |
| Total Deposits (USD mn) | 634,559.874 Dec 2025 | monthly | Dec 2002 - Dec 2025 |
| Total Deposits Growth (%) | 44.0 Dec 2025 | monthly | Dec 2003 - Dec 2025 |
| Domestic Credit (USD mn) | 645,624.0 Dec 2025 | monthly | Jan 1986 - Dec 2025 |
| Domestic Credit Growth (%) | 33.6 Dec 2025 | monthly | Jan 1987 - Dec 2025 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 31.400 Jun 2025 | quarterly | Mar 2002 - Jun 2025 |
| Credit to Households (USD bn) | 127.748 Jun 2025 | quarterly | Mar 1986 - Jun 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 646.711 Jun 2025 | quarterly | Mar 1986 - Jun 2025 |
| Household Debt (USD mn) | 129,846.8 Dec 2025 | monthly | Jan 1986 - Dec 2025 |
| Total Loans (USD mn) | 440,332.033 Dec 2025 | monthly | Jan 1986 - Dec 2025 |
| Total Loans Growth (%) | 42.99 Dec 2025 | monthly | Jan 1987 - Dec 2025 |
| Private Debt: % of Nominal GDP (%) | 28.20 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Money Supply: M3 (TRY th) | 27,119,545,405.000 Dec 2025 | monthly | Dec 2005 - Dec 2025 |
| Consumer Loans: BS: Loan: Housing (TRY mn) | 678,970.490 Dec 2025 | monthly | Dec 2002 - Dec 2025 |
| Consumer Loans: Banking Sector (BS): Loan (TRY mn) | 2,939,960.365 Dec 2025 | monthly | Dec 2002 - Dec 2025 |
| Consumer Loans: BS: Non Performing (TRY mn) | 116,866.660 Dec 2025 | monthly | Dec 2002 - Dec 2025 |
| Asset Quality: Banking Sector: NPL to Total Loan (%) | 2.474 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 0.4 Jan 2026 | monthly | Jan 2008 - Jan 2026 |
| Composite Leading Indicator Index: Trend Restored (NA) | 408.160 Dec 2025 | monthly | Dec 1987 - Dec 2025 |
| Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 103.000 Jan 2026 | monthly | Jan 2007 - Jan 2026 |
| Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 85.714 Jan 2026 | monthly | Jan 2011 - Jan 2026 |
| Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 113.775 Jan 2026 | monthly | Jan 2011 - Jan 2026 |
| Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 112.628 Jan 2026 | monthly | Jan 2011 - Jan 2026 |
More Indicators for Turkey
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