Turkey lending rate


Turkey lending rate: 53 (0%)
Last Update: July 25, 2024

Turkey lending rate closed down 53 as of July 25, 2024 from 53 from the previous month and 19 from last year.


Turkey lending rate Analytics & Data




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Turkey lending rate closing prices of the last 24 values are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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Turkey lending rate

DateValues
2024-07-25 53
2024-06-27 53
2024-05-23 53
2024-04-25 53
2024-03-23 51.5
2024-02-22 46.5
2024-01-25 46.5
2023-12-21 44
2023-11-23 41.5
2023-10-26 36.5
2023-09-21 31.5
2023-08-24 26.5
2023-07-20 19
2023-06-22 16.5
2023-05-25 10
2023-04-27 10
2023-03-23 10
2023-02-23 10
2023-01-19 10.5
2022-12-22 10.5
2022-11-24 10.5
2022-10-20 12
2022-09-22 13.5
2022-08-18 14.5

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Turkey lending rate Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
lending ratetr.lendingrate53.0530221UPUP882024-06-27

Turkey lending rate Factors

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Turkey lending rate Historical Data

The MacroVar database offers free access to historical data for the Turkey lending 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 lending rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Turkey lending rate

The Turkey lending rate refers to the interest rate that the central bank of Turkey charges commercial banks for borrowing funds. This rate is a key tool used by the central bank to control the money supply in the economy and regulate inflation. A higher lending rate makes borrowing more expensive, which can help to curb inflation by reducing consumer spending and investment. On the other hand, a lower lending rate can stimulate economic growth by making borrowing cheaper and encouraging businesses and consumers to spend and invest more. The Turkey lending rate is closely monitored by investors and economists as it can have a significant impact on the country's economic performance.