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CBRT repo interest rate - Turkish central bank’s interest rate

Charts - historic CBRT interest rates

Graph Turkish interest rate CBRT - interest rates last year

Graph Turkish interest rate CBRT - long-term graph

The current Turkish interest rate CBRT (base rate) is 30.000 %

Central Bank of the Republic of Turkey

The Central Bank of the Republic of Turkey (CBRT or CBT) is Turkey’s central bank. Another abbreviation which is also used is TCMB, which stands for Türkiye Cumhuriyet Merkez Bankasi. The Turkish central bank sets the inflation target and is responsible for defining and implementing monetary policy. The most important objective that the CBRT strives for is to achieve and maintain price stability in Turkey. For an overview of current inflation in Turkey (CPI), click here or here for current inflation in Turkey (HICP). Other important objectives for the Central Bank of the Republic of Turkey are:
  • to conduct open market transactions;
  • to protect the Turkish lira and be responsible for exchange rate policy;
  • to establish the requirements for deposits and liquidity;
  • to control Turkey’s gold and currency deposits;
  • to regulate the volume and circulation of the Turkish currency, the lira;
  • to maintain the stability of the financial system and monitor the financial markets.

CBRT repo interest rate

When reference is made to the Turkish interest rate this usually refers to the CBRT repo interest rate (1 week). The Turkish central bank uses this base rate for monetary policy purposes. The level of the repo interest rate has a direct effect on the level of interest rates for products such as savings, loans and mortgages.

This page shows the current and historic values of the CBRT’s repo interest rate.

For a summary of the current interest rates of a large number of central banks please click here.

Tables - current and historic Turkish central bank interest rates

CBRT latest interest rate changes

 change date percentage
 september 22 2023 30.000 %
 august 24 2023 25.000 %
 july 20 2023 17.500 %
 june 22 2023 15.000 %
 february 23 2023 8.500 %
 november 24 2022 9.000 %
 october 20 2022 10.500 %
 september 22 2022 12.000 %
 august 18 2022 13.000 %
 december 16 2021 14.000 %

Summary of other central banks’ interest rates

 central bank interest rate region percentage date
 FED interest rate United States 5.500 % 07-26-2023
 RBA interest rate Australia 4.100 % 06-06-2023
 BACEN interest rate Brazil 12.750 % 09-21-2023
 BoE interest rate Great Britain 5.250 % 08-03-2023
 BOC interest rate Canada 5.000 % 07-12-2023
 PBC interest rate China 3.450 % 08-21-2023
 ECB interest rate Europe 4.500 % 09-14-2023
 BoJ interest rate Japan -0.100 % 02-01-2016
 CBR interest rate Russia 13.000 % 09-18-2023
 SARB interest rate South Africa 8.250 % 05-25-2023

In order to be able to show the data on this page, we make use of a large number of sources of information that we believe to be reliable. For more information and our disclaimer, click here.

American interest rate (Fed)5.50 %07-26-2023
Australian interest rate (RBA)4.10 %06-06-2023
British interest rate (BoE)5.25 %08-03-2023
Canadian interest rate (BOC)5.00 %07-12-2023
European interest rate (ECB)4.50 %09-14-2023
Japanese interest rate (BoJ)-0.10 %02-01-2016
All central banks interest rates, click here
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