Interest rate decision · Turkey

Turkey Overnight Lending Rate

The Turkey Overnight Lending Rate is the Central Bank of the Republic of Türkiye's announcement of its main policy rate, the one-week repo rate. It is the price of money in Turkey: banks' borrowing costs, mortgage and loan rates and the return on cash all move with it.

Wichtigkeit
Low
Veröffentlicht
About every six weeks
Nächste Veröffentlichung
Währung
TRY · Turkish lira
Zentralbank
The Central Bank of the Republic of Türkiye
Bewegt
EURTRY · USDTRY

Neueste Zahlen

Die letzte Veröffentlichung, für OCT, erschien am 2026-10-22 und lag bei 39%. Das ist weniger als 40% beim letzten Mal.

In den letzten 12 Veröffentlichungen lag der Wert zwischen 39% und 49%, im Schnitt 42%.

Apr 2025: 49%Jun 2025: 49%Jul 2025: 46%Sep 2025: 43.5%Oct 2025: 42.5%Dec 2025: 41%Jan 2026: 40.00%Mar 2026: 40%Apr 2026: 40%Jun 2026: 40%Sep 2026: 40%Oct 2026: 39% Apr 2025Oct 2026
Tatsächliche Ergebnisse; der kurze Strich auf einem Balken markiert den Konsens.
VeröffentlichtFürIstKonsensVorher
22 Oct 2026OCT39%–40%
10 Sep 2026SEP40%–40%
11 Jun 2026JUN40%–40%
22 Apr 2026APR40%40%40%
12 Mar 2026MAR40%–40.00%
22 Jan 2026JAN40.00%–41%
11 Dec 2025DEC41%–42.5%
23 Oct 2025OCT42.5%–43.5%
11 Sep 2025SEP43.5%–46%
24 Jul 2025JUL46%–49%
19 Jun 2025JUN49%47.5%49%
17 Apr 2025APR49%46%46%

Im Wirtschaftskalender ansehen →

Warum es wichtig ist

No release moves markets more directly. The rate decides what holding the Turkish lira pays, so the currency, government bond yields, bank shares and the whole stock market react within seconds. Markets usually price the decision in advance, so the surprise, and the tone of the statement and press conference, matter as much as the number: a hold with a hawkish message can lift the currency more than an expected hike.

So wird gerechnet

There is nothing to calculate: the rate is set by a vote of the central bank's policy committee at scheduled meetings. The committee weighs inflation against its target, the labour market, growth and financial conditions. Most decisions move in steps of 0.25 percentage point; 0.50 or more signals urgency.

Taylor rule (a rough guide many economists use):
rate ≈ neutral rate + inflation + 0.5 × (inflation − target) + 0.5 × output gap

Was Veränderungen bedeuten

  • Compare the decision with the consensus: a surprise move is rare and causes the largest reactions.
  • Read the statement for changes in wording; "further tightening may be needed" versus "policy is appropriate" is what traders act on.
  • Look at the vote split: dissents in one direction often foreshadow the next move.
  • A hike or hawkish hold usually lifts the Turkish lira and bond yields; a cut or dovish tone does the opposite. Stocks usually prefer lower rates unless the cut signals a weakening economy.

Höher als erwartet: A higher rate than expected (or a hawkish surprise) usually lifts the Turkish lira and bond yields and weighs on stocks.

Niedriger als erwartet: A lower rate than expected usually weakens the Turkish lira, lowers bond yields and supports stocks.

Eine kurze Geschichte

Central banks have set lending rates since the Bank of England raised its Bank Rate in the 18th and 19th centuries to defend its gold reserves. Since New Zealand adopted formal inflation targeting in 1990, most central banks set rates to keep inflation near a target, usually 2%.

Fragen

What is the Turkey Overnight Lending Rate?

The Turkey Overnight Lending Rate is the Central Bank of the Republic of Türkiye's announcement of its main policy rate, the one-week repo rate. It is the price of money in Turkey: banks' borrowing costs, mortgage and loan rates and the return on cash all move with it.

What was the latest Turkey Overnight Lending Rate?

39% for OCT, published on 22 October 2026.

When is the next Turkey Overnight Lending Rate?

On Thursday 10 December 2026 at 11:00 UTC.

When is the Turkey Overnight Lending Rate announced?

On the dates of the Central Bank of the Republic of Türkiye's scheduled policy meetings, published a year in advance; the calendar above shows the next one.

Why do markets move before the decision?

Interest-rate futures and swaps price the expected decision days ahead; on the day, only the difference from those expectations moves prices.

Nur Bildungsinhalte, keine Anlageberatung. Die Zahlen sind die veröffentlichten Ergebnisse, wie sie unser Kalender erfasst hat; die beschriebenen Marktreaktionen sind typisch, nicht garantiert.