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Bank of Turkey Interest Rate

Interest Rate in Turkey

Indicator Data Period
Interest Rate 30 % Sep/23


Latest data on Interest Rate (%)

Interest Rate
                     Turkey - Historical Data (%)

What is Bank of Turkey Interest Rate?

  • Interest Rate in Turkey increased to 30 % in September 2023. The maximum level was 500 % and minimum was 4.5 %.
  • Data published Monthly by Central Bank.

Historical Data (%) by years

Data
Period
Date
30 Sep/23 21.09.2023
25 Aug/23 24.08.2023
17.5 Jul/23 20.07.2023
15 Jun/23 22.06.2023
8.5 May/23 25.05.2023
8.5 Apr/23 27.04.2023
8.5 Mar/23 23.03.2023
8.5 Feb/23 23.02.2023


Historical Chart by presidents (%)

Interest Rate in Turkey by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Tayyip Erdogan 28.08.2014 - 8.2500 17.7500 17.7500 7.5000 115.15%
Abdullah Gul 28.08.2007 - 28.08.2014 17.5000 8.2500 17.5000 4.5000 -52.86%
Necdet Sezer 16.05.2000 - 28.08.2007 39.0000 17.5000 300.0000 5.0000 -55.13%
Suleyman Demirel 16.05.1993 - 16.05.2000 61.2500 39.0000 500.0000 5.0000 -36.33%
Turgut Ozal 09.11.1989 - 17.04.1993 25.0000 63.0000 140.0000 20.0000 152.00%

Other money indicators in Turkey

Index Updated Actual Previous
Interbank Rate Oct/23 15.63 % 15.63
Loans to Private Sector Aug/23 173.657 B USD 172.681
Money Supply M1 Sep/23 162.421 B USD 164.351
Central Bank Balance Sheet Aug/23 203.56 B USD 199.115
Deposit Interest Rate Sep/23 28.5 % 23.5
Foreign Direct Investment 2023 0.287 B USD 0.536
Private Sector Credit  Aug/23 2897.153 B USD 2849.318

Interest Rate in other countries

Country Updated Actual Previous
Austria Sep/23 4.5 % 4.25
Ireland Sep/23 4.5 % 4.25
Luxembourg Sep/23 4.5 % 4.25
Spain Sep/23 4.5 % 4.25
Iceland Oct/23 9.25 % 9.25
Norway Sep/23 4.25 % 4
Belarus Aug/23 9.5 % 9.5
Belgium Sep/23 4.5 % 4.25
Bulgaria Aug/23 3.29 % 3.12
Croatia Sep/23 4.5 % 4.25
Cyprus Sep/23 4.5 % 4.25
Czech Republic Sep/23 7 % 7
Denmark Aug/23 3.35 % 3.35
Estonia Sep/23 4.5 % 4.25
Euro Area Sep/23 4.5 % 4.25
Finland Sep/23 4.5 % 4.25
France Sep/23 4.5 % 4.25
Germany Sep/23 4.5 % 4.25
Greece Sep/23 4.5 % 4.25
Hungary Sep/23 13 % 14
Italy Sep/23 4.5 % 4.25
Latvia Sep/23 4.5 % 4.25
Lithuania Sep/23 4.5 % 4.25
Macedonia Sep/23 6.3 % 6.15
Malta Sep/23 4.5 % 4.25
Moldova Sep/23 6 % 6
Netherlands Sep/23 4.5 % 4.25
Poland Oct/23 5.75 % 6
Portugal Sep/23 4.5 % 4.25
Romania Oct/23 7 % 7
Russia Sep/23 13 % 12
Serbia Oct/23 6.5 % 6.5
Slovakia Sep/23 4.5 % 4.25
Slovenia Sep/23 4.5 % 4.25
Sweden Sep/23 4 % 3.75
Switzerland Sep/23 1.75 % 1.75
Turkey Sep/23 30 % 25
Ukraine Sep/23 20 % 22
United Kingdom Sep/23 5.25 % 5.25
Albania Oct/23 3 % 3
Bosnia and Herzegovina Aug/23 4.36 % 4.45