Türkiye interest rate
Central Bank of the Republic of Türkiye
- Policy rate
- 37.00%
- Sep 18, 2026
- Last move
- −1.00 pt
- Jan 2026
- Inflation
- 31.5%
- Aug 2026
- 10-year bond yield
- –
- not available
The policy rate set by the Central Bank of the Republic of Türkiye is 37.00% as of Sep 18, 2026. Its most recent move: it cut its rate from 38.00% to 37.00% (Jan 2026). The rate is 3.50 percentage points lower than a year earlier. With consumer prices up 31.5% over the 12 months to Aug 2026, the real rate (policy rate minus inflation) is +5.5%: borrowing costs are above inflation.
Policy rate over the past two years
Sep 18, 2026: 37.00%
Rate changes
| When | Decision | From | To | Change |
|---|---|---|---|---|
| Jan 2026 | Cut | 38.00% | 37.00% | −1.00 pt |
| Dec 2025 | Cut | 39.50% | 38.00% | −1.50 pt |
| Oct 2025 | Cut | 40.50% | 39.50% | −1.00 pt |
| Sep 2025 | Cut | 43.00% | 40.50% | −2.50 pt |
| Jul 2025 | Cut | 46.00% | 43.00% | −3.00 pt |
| Apr 2025 | Hike | 42.50% | 46.00% | +3.50 pt |
| Mar 2025 | Cut | 45.00% | 42.50% | −2.50 pt |
| Jan 2025 | Cut | 47.50% | 45.00% | −2.50 pt |
| Dec 2024 | Cut | 50.00% | 47.50% | −2.50 pt |
Changes between month-end rates, plus the latest daily reading. Two decisions in one month show up as a single change.
Inflation (% vs a year earlier)
Aug 2026: 31.5%
Other central banks in Asia
Source: BIS; inflation: IMF CPI. Updated daily. All central bank rates · Türkiye economy dashboard