CBRT Repo Rate - Türkiye Turkish Central Bank interest rate
This page shows the current and historic values of the Turkish Repo Rate as set by the Turkish Central Bank (Central Bank of the Republic of Türkiye, CBRT). The Repo Rate is often regarded as the most important interest rate of the CBRT.
|
Date
|
Rate
|
|---|---|
|
03-21-2024
|
50.00 %
|
|
01-25-2024
|
45.00 %
|
|
12-21-2023
|
42.50 %
|
|
11-23-2023
|
40.00 %
|
|
10-26-2023
|
35.00 %
|
|
09-22-2023
|
30.00 %
|
|
08-24-2023
|
25.00 %
|
|
07-20-2023
|
17.50 %
|
|
06-22-2023
|
15.00 %
|
|
02-23-2023
|
8.50 %
|
Chart CBRT Repo rate
Historical interest ratesOur content is based on reliable sources. However, we do not accept liability for any errors. The content of this website is for informational purposes only and is not intended as financial advice. Decisions you make based on the information we display are always at your own expense and risk.
Central Bank of the Republic of Türkiye
The Central Bank of the Republic of Türkiye (CBRT or CBT) is Turkish 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 Türkiye.
Check the current and historical inflation in Turkiye
Other important objectives for the Central Bank of the Republic of Türkiye 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 Turkish 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 Rate
When reference is made to the Turkish interest rate this usually refers to the CBRT Repo Rate (repo interest rate 1 week). The Turkish central bank uses this base rate for monetary policy purposes. The level of the Repo Rate often has a direct effect on the level of interest rates for products such as savings, loans and mortgages. Changes in the Repo Rate often also lead to fluctuations in the exchange rate of the Turkish Lira.