Data / Central bank policy rate / Türkiye

Central bank policy rate in Türkiye

Central bank policy rate in Türkiye was 37% in September 2026, according to Bank for International Settlements. That is down 3.5 pts from September 2025. That is the 1st highest of 36 countries in July 2026.

September 202637%
Change on September 2025-3.5 pts
Rank1st of 36Countries ranked
Series high57February 2002
Series low4.5May 2013

Central bank policy rate in Türkiye, February 2002 to September 2026

CSVChart (SVG)

02040602002-022005-092009-042012-112016-062020-012023-082026-092002-02: 57 %2002-03: 54 %2002-04: 48 %2002-05: 48 %2002-06: 48 %2002-07: 48 %2002-08: 46 %2002-09: 46 %2002-10: 46 %2002-11: 44 %2002-12: 44 %2003-01: 44 %2003-02: 44 %2003-03: 44 %2003-04: 41 %2003-05: 41 %2003-06: 38 %2003-07: 35 %2003-08: 32 %2003-09: 29 %2003-10: 26 %2003-11: 26 %2003-12: 26 %2004-01: 26 %2004-02: 24 %2004-03: 22 %2004-04: 22 %2004-05: 22 %2004-06: 22 %2004-07: 22 %2004-08: 22 %2004-09: 20 %2004-10: 20 %2004-11: 20 %2004-12: 18 %2005-01: 17 %2005-02: 16.5 %2005-03: 15.5 %2005-04: 15 %2005-05: 14.5 %2005-06: 14.25 %2005-07: 14.25 %2005-08: 14.25 %2005-09: 14.25 %2005-10: 14 %2005-11: 13.75 %2005-12: 13.5 %2006-01: 13.5 %2006-02: 13.5 %2006-03: 13.5 %2006-04: 13.25 %2006-05: 13.25 %2006-06: 17.25 %2006-07: 17.5 %2006-08: 17.5 %2006-09: 17.5 %2006-10: 17.5 %2006-11: 17.5 %2006-12: 17.5 %2007-01: 17.5 %2007-02: 17.5 %2007-03: 17.5 %2007-04: 17.5 %2007-05: 17.5 %2007-06: 17.5 %2007-07: 17.5 %2007-08: 17.5 %2007-09: 17.25 %2007-10: 16.75 %2007-11: 16.25 %2007-12: 15.75 %2008-01: 15.5 %2008-02: 15.25 %2008-03: 15.25 %2008-04: 15.25 %2008-05: 15.75 %2008-06: 16.25 %2008-07: 16.75 %2008-08: 16.75 %2008-09: 16.75 %2008-10: 16.75 %2008-11: 16.25 %2008-12: 15 %2009-01: 13 %2009-02: 11.5 %2009-03: 10.5 %2009-04: 9.75 %2009-05: 9.25 %2009-06: 8.75 %2009-07: 8.25 %2009-08: 7.75 %2009-09: 7.25 %2009-10: 6.75 %2009-11: 6.5 %2009-12: 6.5 %2010-01: 6.5 %2010-02: 6.5 %2010-03: 6.5 %2010-04: 6.5 %2010-05: 7 %2010-06: 7 %2010-07: 7 %2010-08: 7 %2010-09: 7 %2010-10: 7 %2010-11: 7 %2010-12: 6.5 %2011-01: 6.25 %2011-02: 6.25 %2011-03: 6.25 %2011-04: 6.25 %2011-05: 6.25 %2011-06: 6.25 %2011-07: 6.25 %2011-08: 5.75 %2011-09: 5.75 %2011-10: 5.75 %2011-11: 5.75 %2011-12: 5.75 %2012-01: 5.75 %2012-02: 5.75 %2012-03: 5.75 %2012-04: 5.75 %2012-05: 5.75 %2012-06: 5.75 %2012-07: 5.75 %2012-08: 5.75 %2012-09: 5.75 %2012-10: 5.75 %2012-11: 5.75 %2012-12: 5.5 %2013-01: 5.5 %2013-02: 5.5 %2013-03: 5.5 %2013-04: 5 %2013-05: 4.5 %2013-06: 4.5 %2013-07: 4.5 %2013-08: 4.5 %2013-09: 4.5 %2013-10: 4.5 %2013-11: 4.5 %2013-12: 4.5 %2014-01: 10 %2014-02: 10 %2014-03: 10 %2014-04: 10 %2014-05: 9.5 %2014-06: 8.75 %2014-07: 8.25 %2014-08: 8.25 %2014-09: 8.25 %2014-10: 8.25 %2014-11: 8.25 %2014-12: 8.25 %2015-01: 7.75 %2015-02: 7.5 %2015-03: 7.5 %2015-04: 7.5 %2015-05: 7.5 %2015-06: 7.5 %2015-07: 7.5 %2015-08: 7.5 %2015-09: 7.5 %2015-10: 7.5 %2015-11: 7.5 %2015-12: 7.5 %2016-01: 7.5 %2016-02: 7.5 %2016-03: 7.5 %2016-04: 7.5 %2016-05: 7.5 %2016-06: 7.5 %2016-07: 7.5 %2016-08: 7.5 %2016-09: 7.5 %2016-10: 7.5 %2016-11: 8 %2016-12: 8 %2017-01: 8 %2017-02: 8 %2017-03: 8 %2017-04: 8 %2017-05: 8 %2017-06: 8 %2017-07: 8 %2017-08: 8 %2017-09: 8 %2017-10: 8 %2017-11: 8 %2017-12: 8 %2018-01: 8 %2018-02: 8 %2018-03: 8 %2018-04: 8 %2018-05: 8 %2018-06: 17.75 %2018-07: 17.75 %2018-08: 17.75 %2018-09: 24 %2018-10: 24 %2018-11: 24 %2018-12: 24 %2019-01: 24 %2019-02: 24 %2019-03: 24 %2019-04: 24 %2019-05: 24 %2019-06: 24 %2019-07: 19.75 %2019-08: 19.75 %2019-09: 16.5 %2019-10: 14 %2019-11: 14 %2019-12: 12 %2020-01: 11.25 %2020-02: 10.75 %2020-03: 9.75 %2020-04: 8.75 %2020-05: 8.25 %2020-06: 8.25 %2020-07: 8.25 %2020-08: 8.25 %2020-09: 10.25 %2020-10: 10.25 %2020-11: 15 %2020-12: 17 %2021-01: 17 %2021-02: 17 %2021-03: 19 %2021-04: 19 %2021-05: 19 %2021-06: 19 %2021-07: 19 %2021-08: 19 %2021-09: 18 %2021-10: 16 %2021-11: 15 %2021-12: 14 %2022-01: 14 %2022-02: 14 %2022-03: 14 %2022-04: 14 %2022-05: 14 %2022-06: 14 %2022-07: 14 %2022-08: 13 %2022-09: 12 %2022-10: 10.5 %2022-11: 9 %2022-12: 9 %2023-01: 9 %2023-02: 8.5 %2023-03: 8.5 %2023-04: 8.5 %2023-05: 8.5 %2023-06: 15 %2023-07: 17.5 %2023-08: 25 %2023-09: 30 %2023-10: 35 %2023-11: 40 %2023-12: 42.5 %2024-01: 45 %2024-02: 45 %2024-03: 50 %2024-04: 50 %2024-05: 50 %2024-06: 50 %2024-07: 50 %2024-08: 50 %2024-09: 50 %2024-10: 50 %2024-11: 50 %2024-12: 47.5 %2025-01: 45 %2025-02: 45 %2025-03: 42.5 %2025-04: 46 %2025-05: 46 %2025-06: 46 %2025-07: 43 %2025-08: 43 %2025-09: 40.5 %2025-10: 39.5 %2025-11: 39.5 %2025-12: 38 %2026-01: 37 %2026-02: 37 %2026-03: 37 %2026-04: 37 %2026-05: 37 %2026-06: 37 %2026-07: 37 %2026-08: 37 %2026-09: 37 %
%. Source: BIS. Retrieved 2026-10-09.
All 296 values
Period%
2026-0937
2026-0837
2026-0737
2026-0637
2026-0537
2026-0437
2026-0337
2026-0237
2026-0137
2025-1238
2025-1139.5
2025-1039.5
2025-0940.5
2025-0843
2025-0743
2025-0646
2025-0546
2025-0446
2025-0342.5
2025-0245
2025-0145
2024-1247.5
2024-1150
2024-1050
2024-0950
2024-0850
2024-0750
2024-0650
2024-0550
2024-0450
2024-0350
2024-0245
2024-0145
2023-1242.5
2023-1140
2023-1035
2023-0930
2023-0825
2023-0717.5
2023-0615
2023-058.5
2023-048.5
2023-038.5
2023-028.5
2023-019
2022-129
2022-119
2022-1010.5
2022-0912
2022-0813
2022-0714
2022-0614
2022-0514
2022-0414
2022-0314
2022-0214
2022-0114
2021-1214
2021-1115
2021-1016
2021-0918
2021-0819
2021-0719
2021-0619
2021-0519
2021-0419
2021-0319
2021-0217
2021-0117
2020-1217
2020-1115
2020-1010.25
2020-0910.25
2020-088.25
2020-078.25
2020-068.25
2020-058.25
2020-048.75
2020-039.75
2020-0210.75
2020-0111.25
2019-1212
2019-1114
2019-1014
2019-0916.5
2019-0819.75
2019-0719.75
2019-0624
2019-0524
2019-0424
2019-0324
2019-0224
2019-0124
2018-1224
2018-1124
2018-1024
2018-0924
2018-0817.75
2018-0717.75
2018-0617.75
2018-058
2018-048
2018-038
2018-028
2018-018
2017-128
2017-118
2017-108
2017-098
2017-088
2017-078
2017-068
2017-058
2017-048
2017-038
2017-028
2017-018
2016-128
2016-118
2016-107.5
2016-097.5
2016-087.5
2016-077.5
2016-067.5
2016-057.5
2016-047.5
2016-037.5
2016-027.5
2016-017.5
2015-127.5
2015-117.5
2015-107.5
2015-097.5
2015-087.5
2015-077.5
2015-067.5
2015-057.5
2015-047.5
2015-037.5
2015-027.5
2015-017.75
2014-128.25
2014-118.25
2014-108.25
2014-098.25
2014-088.25
2014-078.25
2014-068.75
2014-059.5
2014-0410
2014-0310
2014-0210
2014-0110
2013-124.5
2013-114.5
2013-104.5
2013-094.5
2013-084.5
2013-074.5
2013-064.5
2013-054.5
2013-045
2013-035.5
2013-025.5
2013-015.5
2012-125.5
2012-115.75
2012-105.75
2012-095.75
2012-085.75
2012-075.75
2012-065.75
2012-055.75
2012-045.75
2012-035.75
2012-025.75
2012-015.75
2011-125.75
2011-115.75
2011-105.75
2011-095.75
2011-085.75
2011-076.25
2011-066.25
2011-056.25
2011-046.25
2011-036.25
2011-026.25
2011-016.25
2010-126.5
2010-117
2010-107
2010-097
2010-087
2010-077
2010-067
2010-057
2010-046.5
2010-036.5
2010-026.5
2010-016.5
2009-126.5
2009-116.5
2009-106.75
2009-097.25
2009-087.75
2009-078.25
2009-068.75
2009-059.25
2009-049.75
2009-0310.5
2009-0211.5
2009-0113
2008-1215
2008-1116.25
2008-1016.75
2008-0916.75
2008-0816.75
2008-0716.75
2008-0616.25
2008-0515.75
2008-0415.25
2008-0315.25
2008-0215.25
2008-0115.5
2007-1215.75
2007-1116.25
2007-1016.75
2007-0917.25
2007-0817.5
2007-0717.5
2007-0617.5
2007-0517.5
2007-0417.5
2007-0317.5
2007-0217.5
2007-0117.5
2006-1217.5
2006-1117.5
2006-1017.5
2006-0917.5
2006-0817.5
2006-0717.5
2006-0617.25
2006-0513.25
2006-0413.25
2006-0313.5
2006-0213.5
2006-0113.5
2005-1213.5
2005-1113.75
2005-1014
2005-0914.25
2005-0814.25
2005-0714.25
2005-0614.25
2005-0514.5
2005-0415
2005-0315.5
2005-0216.5
2005-0117
2004-1218
2004-1120
2004-1020
2004-0920
2004-0822
2004-0722
2004-0622
2004-0522
2004-0422
2004-0322
2004-0224
2004-0126
2003-1226
2003-1126
2003-1026
2003-0929
2003-0832
2003-0735
2003-0638
2003-0541
2003-0441
2003-0344
2003-0244
2003-0144
2002-1244
2002-1144
2002-1046
2002-0946
2002-0846
2002-0748
2002-0648
2002-0548
2002-0448
2002-0354
2002-0257

Rankings

Definition

The rate a central bank sets to steer monetary policy, or its operational target, in percent per year. United States: effective federal funds rate, monthly average of daily rates (Federal Reserve H.15). Euro area: ECB deposit facility rate in force on the last day of the month. Other countries: the policy rate in force at the end of the month as reported by the national central bank and compiled by the BIS.

Timing differs by source: the US figure is a monthly average of the market rate that the Federal Reserve targets (the target range is set by the FOMC; the BIS copy uses its midpoint), while ECB and BIS figures are end-of-month levels. The euro area series is the deposit facility rate for its whole history; the ECB has steered with it since September 2024, and before that the BIS series and most press coverage used the main refinancing rate (see ecb_main_refinancing_rate). Euro area members have no national policy rate since 1999, so their BIS series end in 1998. Each BIS series names its central bank and the instrument used in each period.

How to cite

Bank for International Settlements (BIS), from national central bank data. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). https://stats.bis.org/api/v2/data/dataflow/BIS/WS_CBPOL/1.0/M.TR?format=csv. Retrieved 2026-10-09.

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Questions

What is the central bank policy rate in Türkiye?

Central bank policy rate in Türkiye was 37% in September 2026, according to Bank for International Settlements. That is down 3.5 pts from September 2025. That is the 1st highest of 36 countries in July 2026.

Where does this figure come from?

Bank for International Settlements. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). Retrieved by Invokely on 2026-10-09.

What was the highest central bank policy rate in Türkiye?

57% in February 2002, the highest value since February 2002 in this series.

More statistics for Türkiye

All statistics for Türkiye