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 Oct 2024, compared with 50.00 % pa in the previous Sep 2024.
- Turkey Policy Rate averaged 10.71 % pa and is updated monthly, available from Jun 1996 to Oct 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 Oct 2024 in the chart:
What was Turkey's Policy Rate in Oct 2024?
Turkey cash rate (Policy Rate: Month End: Repo Rate: 1 Week) was set at 50.00 % pa in Oct 2024, compared with 50.00 % pa in the previous Sep 2024. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 50.00 Oct 2024 | 50.00 Sep 2024 | 4.50 Dec 2013 | 150.16 Dec 1999 | % pa | monthly | Jun 1996 - Oct 2024 |
Policy Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 3.00 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Algeria (% pa) | 3.00 Oct 2024 | monthly | Jan 1963 - Oct 2024 |
| Argentina (%) | 40.45 Oct 2024 | monthly | Aug 1985 - Oct 2024 |
| Armenia (% pa) | 7.25 Oct 2024 | monthly | May 2001 - Oct 2024 |
| Australia (% pa) | 4.35 Oct 2024 | monthly | Aug 1990 - Oct 2024 |
| Austria (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Azerbaijan (% pa) | 7.25 Oct 2024 | monthly | Jan 2005 - Oct 2024 |
| Bahrain (% pa) | 5.75 Oct 2024 | monthly | Jan 2007 - Oct 2024 |
| Bangladesh (% pa) | 9.50 Sep 2024 | monthly | Sep 2009 - Sep 2024 |
| Belarus (% pa) | 9.50 Oct 2024 | monthly | Jul 1991 - Oct 2024 |
| Belgium (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Bolivia (% pa) | 3.08 Oct 2024 | monthly | Jan 2013 - Oct 2024 |
| Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
| Brazil (% pa) | 10.75 Oct 2024 | monthly | Mar 1999 - Oct 2024 |
| Bulgaria (% pa) | 3.43 Oct 2024 | monthly | Feb 1991 - Oct 2024 |
| Canada (% pa) | 3.75 Oct 2024 | monthly | Dec 1992 - Oct 2024 |
| Chile (% pa) | 5.25 Oct 2024 | monthly | May 1995 - Oct 2024 |
| China (% pa) | 2.65 Jun 2023 | monthly | Jan 2016 - Jun 2023 |
| Colombia (% pa) | 9.75 Nov 2024 | monthly | Apr 1995 - Nov 2024 |
| Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
| Cyprus (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Czech Republic (% pa) | 3.25 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
| Denmark (% pa) | 2.85 Oct 2024 | monthly | Aug 1914 - Oct 2024 |
| Ecuador (% pa) | 10.73 Nov 2024 | monthly | Jul 1995 - Nov 2024 |
| Egypt (% pa) | 27.75 Oct 2024 | monthly | Jan 1991 - Oct 2024 |
| Estonia (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| European Union (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Finland (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| France (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Georgia (% pa) | 8.00 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| Germany (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Ghana (% pa) | 29.50 May 2023 | monthly | Nov 2002 - May 2023 |
| Greece (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Hong Kong SAR, China (% pa) | 5.25 Oct 2024 | monthly | Jun 1992 - Oct 2024 |
| Hungary (% pa) | 6.50 Oct 2024 | monthly | Oct 1990 - Oct 2024 |
| Iceland (% pa) | 10.00 Oct 2024 | monthly | Jan 1994 - Oct 2024 |
| India (% pa) | 6.50 Oct 2024 | monthly | Apr 2001 - Oct 2024 |
| Indonesia (% pa) | 6.00 Oct 2024 | monthly | Jun 2015 - Oct 2024 |
| Ireland (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Israel (% pa) | 4.50 Oct 2024 | monthly | Dec 1998 - Oct 2024 |
| Italy (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 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) | 8.00 Oct 2024 | monthly | Dec 1965 - Oct 2024 |
| Kazakhstan (% pa) | 14.25 Oct 2024 | monthly | Feb 1992 - Oct 2024 |
| Kenya (% pa) | 12.00 Oct 2024 | monthly | Jul 2003 - Oct 2024 |
| South Korea (% pa) | 3.25 Oct 2024 | monthly | May 1999 - Oct 2024 |
| Kosovo (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Kuwait (% pa) | 4.00 Sep 2024 | monthly | Jul 1999 - Sep 2024 |
| Kyrgyzstan (% pa) | 9.00 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Laos (% pa) | 7.50 May 2023 | monthly | Dec 1992 - May 2023 |
| Latvia (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Lebanon (% pa) | 10.00 Jan 2023 | monthly | Apr 1964 - Jan 2023 |
| Lithuania (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Luxembourg (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Macau SAR, China (% pa) | 5.25 Oct 2024 | monthly | Dec 1999 - Oct 2024 |
| North Macedonia (% pa) | 5.80 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Malawi (% pa) | 26.00 Oct 2024 | monthly | Jan 1980 - Oct 2024 |
| Malaysia (% pa) | 3.00 Oct 2024 | monthly | Apr 2004 - Oct 2024 |
| Malta (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Mauritius (% pa) | 4.00 Sep 2024 | monthly | Dec 1999 - Sep 2024 |
| Mexico (% pa) | 10.50 Sep 2024 | monthly | Jan 2008 - Sep 2024 |
| Moldova (% pa) | 3.60 Oct 2024 | monthly | Feb 2001 - Oct 2024 |
| Mongolia (% pa) | 10.00 Oct 2024 | monthly | Jul 2007 - Oct 2024 |
| Montenegro (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Morocco (% pa) | 2.75 Oct 2024 | monthly | Jun 1995 - Oct 2024 |
| Myanmar (% pa) | 7.00 2024 | yearly | 1986 - 2024 |
| Nepal (% pa) | 6.50 Sep 2024 | monthly | Jul 2003 - Sep 2024 |
| Netherlands (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| New Zealand (% pa) | 5.50 May 2023 | monthly | Mar 1999 - May 2023 |
| Nigeria (% pa) | 27.25 Oct 2024 | monthly | Dec 2006 - Oct 2024 |
| Norway (% pa) | 4.50 Aug 2024 | monthly | Jan 1991 - Aug 2024 |
| Oman (% pa) | 5.50 Oct 2024 | monthly | May 2007 - Oct 2024 |
| Pakistan (% pa) | 18.50 Oct 2024 | monthly | Feb 1992 - Oct 2024 |
| Paraguay (% pa) | 6.00 Oct 2024 | monthly | Jul 2010 - Oct 2024 |
| Peru (% pa) | 5.25 Oct 2024 | monthly | Sep 2003 - Oct 2024 |
| Philippines (% pa) | 7.00 May 2024 | monthly | Jun 2016 - May 2024 |
| Poland (% pa) | 5.75 Oct 2024 | monthly | Jan 2005 - Oct 2024 |
| Portugal (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Qatar (% pa) | 5.70 Oct 2024 | monthly | Mar 2003 - Oct 2024 |
| Romania (% pa) | 6.50 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| Russia (% pa) | 21.00 Oct 2024 | monthly | Sep 2013 - Oct 2024 |
| Saudi Arabia (% pa) | 5.50 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Serbia (% pa) | 5.75 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
| Singapore (% pa) | 4.00 Jun 2023 | monthly | Jul 2005 - Jun 2023 |
| Slovakia (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Slovenia (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| South Africa (% pa) | 8.00 Oct 2024 | monthly | Nov 1999 - Oct 2024 |
| Spain (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Sri Lanka (% pa) | 8.25 Oct 2024 | monthly | Jan 1997 - Oct 2024 |
| Sweden (% pa) | 3.25 Oct 2024 | monthly | Jan 1987 - Oct 2024 |
| Switzerland (% pa) | 0.94 Oct 2024 | monthly | Jun 1999 - Oct 2024 |
| Syria (% pa) | 5.00 Sep 2024 | monthly | Jan 1962 - Sep 2024 |
| Taiwan (% pa) | 2.00 Oct 2024 | monthly | Jul 1961 - Oct 2024 |
| Tajikistan (% pa) | 9.00 Oct 2024 | monthly | Jun 1995 - Oct 2024 |
| Thailand (% pa) | 2.25 Oct 2024 | monthly | May 2000 - Oct 2024 |
| Tunisia (% pa) | 8.00 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Turkey (% pa) | 50.00 Oct 2024 | monthly | Jun 1996 - Oct 2024 |
| Ukraine (% pa) | 13.00 Oct 2024 | monthly | Dec 1992 - Oct 2024 |
| United Arab Emirates (% pa) | 4.90 Oct 2024 | monthly | Nov 2007 - Oct 2024 |
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 (%) | -4.6 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | -2,884.122 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Tax Revenue (USD mn) | 21,536.668 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Tax Revenue: % of GDP (%) | 18.8 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| National Government Debt (USD mn) | 254,513.1 2022 | yearly | 2001 - 2022 |
| Government Debt: % of GDP (%) | 26.1 Jun 2024 | quarterly | Dec 2001 - Jun 2024 |
| Forecast: Government Expenditure (TRY bn) | 40,421.476 2029 | yearly | 2000 - 2029 |
| Forecast: Government Net Debt (TRY bn) | 32,432.832 2029 | yearly | 2000 - 2029 |
| Forecast: Government Revenue (TRY bn) | 36,604.966 2029 | yearly | 2000 - 2029 |
| General Budget: Revenue (TRY mn) | 781,938.740 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
| General Budget: Expenditure (TRY mn) | 982,904.000 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
| General Budget: Cash Balance (TRY mn) | -200,965.260 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
| General Budget: ytd: Revenue (TRY th) | 5,946,460,113.833 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 7,045,613,727.843 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 3,015,958,178.554 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| General Budget: ytd: Revenue: Tax (TRY th) | 5,134,058,528.507 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 325,018,390.340 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| General Budget: ytd: Balance (TRY th) | -1,099,153,614.010 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 1,759,446,434.812 Sep 2024 | monthly | Jan 2006 - Sep 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) | 3,832,265.952 2023 | yearly | 1995 - 2023 |
| 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) | 1,263.407 Sep 2024 | monthly | Apr 1964 - Sep 2024 |
| Total Imports from USA (USD mn) | 1,391.668 Sep 2024 | monthly | Apr 1964 - Sep 2024 |
| Total Exports to China (USD mn) | 249.675 Sep 2024 | monthly | Jan 2013 - Sep 2024 |
| Total Imports from China (USD mn) | 3,737.113 Sep 2024 | monthly | Sep 1992 - Sep 2024 |
| 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 (%) | 1.7 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Household Debt: % of GDP (%) | 11.0 Mar 2024 | quarterly | Dec 2014 - Mar 2024 |
| Non-Performing Loans (USD mn) | 7,726.882 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
| Money Supply M1 (USD mn) | 180,461.773 Sep 2024 | monthly | Dec 1963 - Sep 2024 |
| Money Supply M2 (USD mn) | 483,956.907 Sep 2024 | monthly | Dec 1976 - Sep 2024 |
| M2 Growth (%) | 33.4 Sep 2024 | monthly | Dec 1977 - Sep 2024 |
| Reserve Requirement Ratio (%) | 8.0 Sep 2024 | monthly | Jan 2011 - Sep 2024 |
| Foreign Exchange Reserves (USD mn) | 81,085.0 Sep 2024 | monthly | Apr 2000 - Sep 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 6.544 Jun 2024 | quarterly | Jun 2000 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 3.0 Sep 2024 | monthly | Apr 2000 - Sep 2024 |
| Gold Reserves (USD mn) | 60,043.000 Aug 2024 | monthly | Dec 1956 - Aug 2024 |
| Total Deposits (USD mn) | 522,629.891 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
| Total Deposits Growth (%) | 34.0 Sep 2024 | monthly | Dec 2003 - Sep 2024 |
| Domestic Credit (USD mn) | 566,224.6 Sep 2024 | monthly | Jan 1986 - Sep 2024 |
| Domestic Credit Growth (%) | 40.5 Sep 2024 | monthly | Jan 1987 - Sep 2024 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 31.400 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| Credit to Households (USD bn) | 96.972 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 523.532 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
| Household Debt (USD mn) | 99,055.1 Sep 2024 | monthly | Jan 1986 - Sep 2024 |
| Total Loans (USD mn) | 360,049.270 Sep 2024 | monthly | Jan 1986 - Sep 2024 |
| Total Loans Growth (%) | 40.27 Sep 2024 | monthly | Jan 1987 - Sep 2024 |
| Private Debt: % of Nominal GDP (%) | 30.57 Jun 2024 | quarterly | Dec 1998 - Jun 2024 |
| Money Supply: M3 (TRY th) | 18,013,647,363.000 Sep 2024 | monthly | Dec 2005 - Sep 2024 |
| Consumer Loans: Banking Sector (BS): Loan (TRY mn) | 1,839,584.026 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
| Consumer Loans: BS: Loan: Housing (TRY mn) | 465,313.384 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
| Consumer Loans: BS: Non Performing (TRY mn) | 46,369.609 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
| Asset Quality: Banking Sector: NPL to Total Loan (%) | 1.711 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -3.1 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| Composite Leading Indicator Index: Trend Restored (NA) | 392.590 Sep 2024 | monthly | Dec 1987 - Sep 2024 |
| Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 102.200 Oct 2024 | monthly | Jan 2007 - Oct 2024 |
| Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 110.707 Oct 2024 | monthly | Jan 2011 - Oct 2024 |
| Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 86.328 Oct 2024 | monthly | Jan 2011 - Oct 2024 |
| Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 114.235 Oct 2024 | monthly | Jan 2011 - Oct 2024 |
More Indicators for Turkey
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