Turkey interest rate


Turkey interest rate closed down 50 as of July 25, 2024 from 50 from the previous day, 45 last week and 9 last month.

Turkey interest rate Analytics & Data





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Turkey interest rate Historical Data

DateClose
2024-07-25 50
2024-07-25 50
2024-06-27 50
2024-05-23 50
2024-04-25 50
2024-03-21 50
2024-02-22 45
2024-01-25 45
2023-12-21 42.5
2023-11-23 40
2023-10-26 35
2023-09-21 30
2023-08-24 25
2023-07-20 17.5
2023-06-22 15
2023-05-25 8.5
2023-04-27 8.5
2023-03-23 8.5
2023-02-23 8.5
2023-01-19 9
2022-12-22 9
2022-11-24 9
2022-10-20 10.5
2022-09-22 12
2022-08-18 13
2022-07-21 14
2022-06-23 14
2022-05-26 14
2022-04-14 14
2022-03-17 14
2022-02-17 14
2022-01-20 14
2021-12-16 14
2021-11-18 15
2021-10-21 16
2021-09-23 18
2021-08-12 19
2021-07-14 19
2021-06-17 19
2021-05-06 19
2021-04-15 19
2021-03-18 19
2021-02-18 17
2021-01-21 17
2020-12-24 17
2020-11-19 15
2020-10-22 10.25
2020-09-24 10.25
2020-08-20 8.25
2020-07-23 8.25
2020-06-25 8.25
2020-05-21 8.25
2020-04-22 8.75
2020-03-17 9.75
2020-02-19 10.75
2020-01-16 11.25
2019-12-12 12
2019-11-30 14
2019-10-24 14
2019-09-12 16.5

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Turkey interest rate Statistics

SecuritySymbolLastMomentumTrendOscillator1D%1W%1M%1Y%
Turkey interest ratetr.interestrate0000

Turkey interest rate Factors

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Turkey interest rate Historical Data

The MacroVar database offers free access to historical data for the Turkey interest rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Turkey interest rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Turkey interest rate

The interest rate in Turkey refers to the percentage at which banks and financial institutions lend money to borrowers. This rate is set by the Central Bank of the Republic of Turkey and is a key tool used to control inflation and stimulate the economy. A higher interest rate typically means borrowing money is more expensive, which can help curb inflation by reducing consumer spending and investment. On the other hand, a lower interest rate can encourage borrowing and spending, which can boost economic growth. The Turkish government closely monitors and adjusts interest rates in response to economic conditions to achieve its desired balance between inflation and growth.