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 47.50 % pa in Dec 2024, compared with 50.00 % pa in the previous Nov 2024.
- Turkey Policy Rate averaged 10.75 % pa and is updated monthly, available from Jun 1996 to Dec 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 Dec 2024 in the chart:
What was Turkey's Policy Rate in Dec 2024?
Turkey cash rate (Policy Rate: Month End: Repo Rate: 1 Week) was set at 47.50 % pa in Dec 2024, compared with 50.00 % pa in the previous Nov 2024. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 47.50 Dec 2024 | 50.00 Nov 2024 | 4.50 Dec 2013 | 150.16 Dec 1999 | % pa | monthly | Jun 1996 - Dec 2024 |
Policy Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 2.75 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
| Algeria (% pa) | 3.00 Dec 2024 | monthly | Jan 1963 - Dec 2024 |
| Argentina (%) | 31.78 Dec 2024 | monthly | Aug 1985 - Dec 2024 |
| Armenia (% pa) | 7.00 Dec 2024 | monthly | May 2001 - Dec 2024 |
| Australia (% pa) | 4.35 Dec 2024 | monthly | Aug 1990 - Dec 2024 |
| Austria (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Azerbaijan (% pa) | 7.25 Nov 2024 | monthly | Jan 2005 - Nov 2024 |
| Bahrain (% pa) | 5.50 Dec 2024 | monthly | Jan 2007 - Dec 2024 |
| Bangladesh (% pa) | 10.00 Nov 2024 | monthly | Sep 2009 - Nov 2024 |
| Belarus (% pa) | 9.50 Dec 2024 | monthly | Jul 1991 - Dec 2024 |
| Belgium (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Bolivia (% pa) | 3.05 Dec 2024 | monthly | Jan 2013 - Dec 2024 |
| Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
| Brazil (% pa) | 12.25 Dec 2024 | monthly | Mar 1999 - Dec 2024 |
| Bulgaria (% pa) | 2.95 Jan 2025 | monthly | Feb 1991 - Jan 2025 |
| Canada (% pa) | 3.75 Nov 2024 | monthly | Dec 1992 - Nov 2024 |
| Chile (% pa) | 5.00 Dec 2024 | monthly | May 1995 - Dec 2024 |
| China (% pa) | 2.65 Jun 2023 | monthly | Jan 2016 - Jun 2023 |
| Colombia (% pa) | 9.50 Dec 2024 | monthly | Apr 1995 - Dec 2024 |
| Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
| Cyprus (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Czech Republic (% pa) | 3.00 Dec 2024 | monthly | Jan 1993 - Dec 2024 |
| Denmark (% pa) | 2.60 Dec 2024 | monthly | Aug 1914 - Dec 2024 |
| Ecuador (% pa) | 10.43 Dec 2024 | monthly | Jul 1995 - Dec 2024 |
| Egypt (% pa) | 27.75 Nov 2024 | monthly | Jan 1991 - Nov 2024 |
| Estonia (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| European Union (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Finland (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| France (% pa) | 3.40 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
| Georgia (% pa) | 8.00 Nov 2024 | monthly | Jan 2008 - Nov 2024 |
| Germany (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Ghana (% pa) | 29.50 May 2023 | monthly | Nov 2002 - May 2023 |
| Greece (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Hong Kong SAR, China (% pa) | 4.75 Dec 2024 | monthly | Jun 1992 - Dec 2024 |
| Hungary (% pa) | 6.50 Dec 2024 | monthly | Oct 1990 - Dec 2024 |
| Iceland (% pa) | 10.00 Dec 2024 | monthly | Jan 1994 - Dec 2024 |
| India (% pa) | 6.50 Dec 2024 | monthly | Apr 2001 - Dec 2024 |
| Indonesia (% pa) | 6.00 Dec 2024 | monthly | Jun 2015 - Dec 2024 |
| Ireland (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Israel (% pa) | 4.50 Dec 2024 | monthly | Dec 1998 - Dec 2024 |
| Italy (% pa) | 3.40 Nov 2024 | monthly | Jan 1999 - Nov 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) | 7.50 Dec 2024 | monthly | Dec 1965 - Dec 2024 |
| Kazakhstan (% pa) | 14.25 Nov 2024 | monthly | Feb 1992 - Nov 2024 |
| Kenya (% pa) | 11.25 Dec 2024 | monthly | Jul 2003 - Dec 2024 |
| South Korea (% pa) | 3.00 Dec 2024 | monthly | May 1999 - Dec 2024 |
| Kosovo (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Kuwait (% pa) | 4.00 Nov 2024 | monthly | Jul 1999 - Nov 2024 |
| Kyrgyzstan (% pa) | 9.00 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Laos (% pa) | 7.50 May 2023 | monthly | Dec 1992 - May 2023 |
| Latvia (% pa) | 3.40 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
| Lebanon (% pa) | 10.00 Jan 2023 | monthly | Apr 1964 - Jan 2023 |
| Lithuania (% pa) | 3.40 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
| Luxembourg (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Macau SAR, China (% pa) | 4.75 Dec 2024 | monthly | Dec 1999 - Dec 2024 |
| North Macedonia (% pa) | 5.55 Dec 2024 | monthly | Jan 2002 - Dec 2024 |
| Malawi (% pa) | 26.00 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| Malaysia (% pa) | 3.00 Dec 2024 | monthly | Apr 2004 - Dec 2024 |
| Malta (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Mauritius (% pa) | 4.00 Dec 2024 | monthly | Dec 1999 - Dec 2024 |
| Mexico (% pa) | 10.00 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| Moldova (% pa) | 3.60 Dec 2024 | monthly | Feb 2001 - Dec 2024 |
| Mongolia (% pa) | 10.00 Dec 2024 | monthly | Jul 2007 - Dec 2024 |
| Montenegro (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Morocco (% pa) | 2.50 Dec 2024 | monthly | Jun 1995 - Dec 2024 |
| Myanmar (% pa) | 7.00 2024 | yearly | 1986 - 2024 |
| Nepal (% pa) | 6.50 Nov 2024 | monthly | Jul 2003 - Nov 2024 |
| Netherlands (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| New Zealand (% pa) | 5.50 May 2023 | monthly | Mar 1999 - May 2023 |
| Nigeria (% pa) | 27.50 Dec 2024 | monthly | Dec 2006 - Dec 2024 |
| Norway (% pa) | 4.50 Dec 2024 | monthly | Jan 1991 - Dec 2024 |
| Oman (% pa) | 5.00 Dec 2024 | monthly | May 2007 - Dec 2024 |
| Pakistan (% pa) | 14.00 Dec 2024 | monthly | Feb 1992 - Dec 2024 |
| Paraguay (% pa) | 6.00 Dec 2024 | monthly | Jul 2010 - Dec 2024 |
| Peru (% pa) | 5.00 Dec 2024 | monthly | Sep 2003 - Dec 2024 |
| Philippines (% pa) | 7.00 May 2024 | monthly | Jun 2016 - May 2024 |
| Poland (% pa) | 5.75 Dec 2024 | monthly | Jan 2005 - Dec 2024 |
| Portugal (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Qatar (% pa) | 5.10 Dec 2024 | monthly | Mar 2003 - Dec 2024 |
| Romania (% pa) | 6.50 Dec 2024 | monthly | Jan 2003 - Dec 2024 |
| Russia (% pa) | 21.00 Nov 2024 | monthly | Sep 2013 - Nov 2024 |
| Saudi Arabia (% pa) | 5.00 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
| Serbia (% pa) | 5.75 Dec 2024 | monthly | Jan 2001 - Dec 2024 |
| Singapore (% pa) | 4.00 Jun 2023 | monthly | Jul 2005 - Jun 2023 |
| Slovakia (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Slovenia (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| South Africa (% pa) | 7.75 Dec 2024 | monthly | Nov 1999 - Dec 2024 |
| Spain (% pa) | 3.15 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Sri Lanka (% pa) | 7.50 Nov 2024 | monthly | Jan 1997 - Nov 2024 |
| Sweden (% pa) | 2.75 Dec 2024 | monthly | Jan 1987 - Dec 2024 |
| Switzerland (% pa) | 0.45 Dec 2024 | monthly | Jun 1999 - Dec 2024 |
| Syria (% pa) | 5.00 Dec 2024 | monthly | Jan 1962 - Dec 2024 |
| Taiwan (% pa) | 2.00 Dec 2024 | monthly | Jul 1961 - Dec 2024 |
| Tajikistan (% pa) | 9.00 Dec 2024 | monthly | Jun 1995 - Dec 2024 |
| Thailand (% pa) | 2.25 Dec 2024 | monthly | May 2000 - Dec 2024 |
| Tunisia (% pa) | 8.00 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
| Turkey (% pa) | 47.50 Dec 2024 | monthly | Jun 1996 - Dec 2024 |
| Ukraine (% pa) | 13.50 Dec 2024 | monthly | Dec 1992 - Dec 2024 |
| United Arab Emirates (% pa) | 4.40 Dec 2024 | monthly | Nov 2007 - Dec 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 (%) | -5.0 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| Consolidated Fiscal Balance (USD mn) | -971.800 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
| Tax Revenue (USD mn) | 23,824.103 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
| Tax Revenue: % of GDP (%) | 16.1 Sep 2024 | quarterly | Mar 2006 - Sep 2024 |
| National Government Debt (USD mn) | 254,513.1 2022 | yearly | 2001 - 2022 |
| Government Debt: % of GDP (%) | 25.6 Sep 2024 | quarterly | Dec 2001 - Sep 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) | 932,770.130 Nov 2024 | monthly | Jan 2005 - Nov 2024 |
| General Budget: Expenditure (TRY mn) | 994,990.060 Nov 2024 | monthly | Jan 2005 - Nov 2024 |
| General Budget: Cash Balance (TRY mn) | -62,219.930 Nov 2024 | monthly | Jan 2005 - Nov 2024 |
| General Budget: ytd: Revenue: Tax (TRY th) | 6,597,108,972.372 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
| General Budget: ytd: Balance (TRY th) | -1,320,959,722.545 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 8,939,364,029.950 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 2,290,824,265.626 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
| General Budget: ytd: Revenue (TRY th) | 7,618,404,307.406 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 442,126,776.060 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
| General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 3,783,551,890.205 Nov 2024 | monthly | Jan 2006 - Nov 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) | 1,443,044.753 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 806,223.291 2023 | yearly | 1995 - 2023 |
| 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) | 2,460,947.731 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 2,964,157.172 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 1,562.076 Oct 2024 | monthly | Apr 1964 - Oct 2024 |
| Total Imports from USA (USD mn) | 1,278.154 Oct 2024 | monthly | Apr 1964 - Oct 2024 |
| Total Exports to China (USD mn) | 316.768 Oct 2024 | monthly | Jan 2013 - Oct 2024 |
| Total Imports from China (USD mn) | 3,627.985 Nov 2024 | monthly | Sep 1992 - Nov 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 (%) | 1.8 Nov 2024 | monthly | Jan 2003 - Nov 2024 |
| Household Debt: % of GDP (%) | 10.3 Jun 2024 | quarterly | Dec 2014 - Jun 2024 |
| Non-Performing Loans (USD mn) | 8,271.936 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
| Money Supply M1 (USD mn) | 175,326.921 Nov 2024 | monthly | Dec 1963 - Nov 2024 |
| Money Supply M2 (USD mn) | 491,213.217 Nov 2024 | monthly | Dec 1976 - Nov 2024 |
| M2 Growth (%) | 30.2 Nov 2024 | monthly | Dec 1977 - Nov 2024 |
| Reserve Requirement Ratio (%) | 8.0 Dec 2024 | monthly | Jan 2011 - Dec 2024 |
| Foreign Exchange Reserves (USD mn) | 85,416.0 Nov 2024 | monthly | Apr 2000 - Nov 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 6.497 Sep 2024 | quarterly | Jun 2000 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.9 Nov 2024 | monthly | Apr 2000 - Nov 2024 |
| Gold Reserves (USD mn) | 67,375.000 Oct 2024 | monthly | Dec 1956 - Oct 2024 |
| Total Deposits (USD mn) | 525,236.009 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
| Total Deposits Growth (%) | 28.6 Nov 2024 | monthly | Dec 2003 - Nov 2024 |
| Domestic Credit (USD mn) | 570,561.5 Nov 2024 | monthly | Jan 1986 - Nov 2024 |
| Domestic Credit Growth (%) | 37.5 Nov 2024 | monthly | Jan 1987 - Nov 2024 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 35.400 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Credit to Households (USD bn) | 104.846 Jun 2024 | quarterly | Mar 1986 - Jun 2024 |
| Credit to Private Non-Financial Sector (USD bn) | 556.651 Jun 2024 | quarterly | Mar 1986 - Jun 2024 |
| Household Debt (USD mn) | 103,991.9 Nov 2024 | monthly | Jan 1986 - Nov 2024 |
| Total Loans (USD mn) | 367,301.734 Nov 2024 | monthly | Jan 1986 - Nov 2024 |
| Total Loans Growth (%) | 37.74 Nov 2024 | monthly | Jan 1987 - Nov 2024 |
| Private Debt: % of Nominal GDP (%) | 29.57 Sep 2024 | quarterly | Dec 1998 - Sep 2024 |
| Money Supply: M3 (TRY th) | 18,864,400,909.000 Nov 2024 | monthly | Dec 2005 - Nov 2024 |
| Consumer Loans: BS: Loan: Housing (TRY mn) | 496,122.301 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
| Consumer Loans: Banking Sector (BS): Loan (TRY mn) | 1,945,198.159 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
| Consumer Loans: BS: Non Performing (TRY mn) | 51,944.967 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
| Asset Quality: Banking Sector: NPL to Total Loan (%) | 1.802 Nov 2024 | monthly | Jan 2003 - Nov 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -0.7 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| Composite Leading Indicator Index: Trend Restored (NA) | 396.330 Nov 2024 | monthly | Dec 1987 - Nov 2024 |
| Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 102.700 Dec 2024 | monthly | Jan 2007 - Dec 2024 |
| Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 113.017 Dec 2024 | monthly | Jan 2011 - Dec 2024 |
| Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 113.603 Dec 2024 | monthly | Jan 2011 - Dec 2024 |
| Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 89.440 Dec 2024 | monthly | Jan 2011 - Dec 2024 |
More Indicators for Turkey
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