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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 16.500 %

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 12 2019 16.500 %
 july 25 2019 19.750 %
 september 13 2018 24.000 %
 june 07 2018 17.750 %
 june 01 2018 16.500 %
 november 24 2016 8.000 %
 february 24 2015 7.500 %
 january 20 2015 7.750 %
 july 18 2014 8.250 %
 june 25 2014 8.750 %

Summary of other central banks’ interest rates

 central bank interest rate region percentage date
 FED interest rate United States 2.000 % 09-18-2019
 RBA interest rate Australia 0.750 % 10-01-2019
 BACEN interest rate Brazil 5.500 % 09-18-2019
 BoE interest rate Great Britain 0.750 % 08-02-2018
 BOC interest rate Canada 1.750 % 10-24-2018
 PBC interest rate China 4.200 % 09-20-2019
 ECB interest rate Europe 0.000 % 03-10-2016
 BoJ interest rate Japan -0.100 % 02-01-2016
 CBR interest rate Russia 7.000 % 09-06-2019
 SARB interest rate South Africa 6.500 % 07-18-2019

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)2.00 %09-18-2019
Australian interest rate (RBA)0.75 %10-01-2019
British interest rate (BoE)0.75 %08-02-2018
Canadian interest rate (BOC)1.75 %10-24-2018
European interest rate (ECB)-03-10-2016
Japanese interest rate (BoJ)-0.10 %02-01-2016
All central banks interest rates, click here
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