The benchmark interest rate in Turkey was last recorded at 43 percent. This dataset provides the latest reported value for - Turkey Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Interest Rates, Discount Rate for Turkey (INTDSRTRM193N) from Jan 1964 to May 2025 about Turkey, interest rate, interest, and rate.

Bank deposit interest rate, percent in Turkey, June, 2025 The most recent value is 49.54 percent as of June 2025, a decline compared to the previous value of 49.7 percent. Historically, the average for Turkey from January 2017 to June 2025 is 22.44 percent. The minimum of 7.29 percent was recorded in May 2020, while the maximum of 55.06 percent was reached in July 2024. | TheGlobalEconomy.com

Inflation Rate in Turkey decreased to 35.05 percent in June from 35.41 percent in May of 2025. This dataset provides the latest reported value for - Turkey Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Turkey CG: Interest Rate: ST: TRY: Next 3 Mth: Remain Unchanged data was reported at 59.800 Point in Apr 2020. This records a decrease from the previous number of 66.000 Point for Mar 2020. Turkey CG: Interest Rate: ST: TRY: Next 3 Mth: Remain Unchanged data is updated monthly, averaging 60.300 Point from Jan 2007 (Median) to Apr 2020, with 160 observations. The data reached an all-time high of 83.900 Point in Nov 2010 and a record low of 26.200 Point in Nov 2008. Turkey CG: Interest Rate: ST: TRY: Next 3 Mth: Remain Unchanged data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S013: Business Tendency Survey: Consumer Goods: Weighted: NACE Rev2.

In November 2024, the inflation rate in Turkey corresponded to **** percent. The monthly inflation rate in Turkey reached ***** percent in October 2022, the highest inflation rate recorded during the provided time interval. In June 2023, the year-on-year change in the Consumer Price Index (CPI) was recorded at ***** percent, the lowest since January 2022. Since the second half of 2019, Turkey’s inflation rate has consistently been in double digits, with inflation accelerating at the fastest rate in 2022. High production costs In Turkey, domestic producer price indices have been continuously rising, which has directly resulted in a price increase in all consumer goods and services. Accordingly, the Consumer Price Index (CPI) in all commodity groups increased extremely since 2022. In the same year, the food and non-alcoholic beverages category had one of the highest inflation rates in the CPI. This particularly affected Turkish consumers, as these products accounted for the highest share of household expenditure in 2023. Soaring food prices Since 2020, food prices have increased significantly around the world, and Turkey is no exception. Although inflation has started to slow down recently, food prices in Turkey continue to go up steadily, increasing by **** percent in November 2024 compared to the same month in the previous year. It is not surprising that food inflation has not simmered down, as the producer price index (PPI) of agricultural products followed a constant increasing trend in the country over the past few years.

Turkey IG: Interest Rate: ST: TRY: Next 3 Mth: Decrease data was reported at 28.200 % Point in Apr 2020. This records an increase from the previous number of 24.400 % Point for Mar 2020. Turkey IG: Interest Rate: ST: TRY: Next 3 Mth: Decrease data is updated monthly, averaging 20.850 % Point from Jan 2007 (Median) to Apr 2020, with 160 observations. The data reached an all-time high of 66.800 % Point in Feb 2009 and a record low of 0.500 % Point in Jun 2008. Turkey IG: Interest Rate: ST: TRY: Next 3 Mth: Decrease data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S017: Business Tendency Survey: Investment Consumer Goods: Weighted: NACE Rev2.

Mortgage interest rates worldwide varied greatly in 2024, from less than **** percent in many European countries, to as high as ** percent in Turkey. The average mortgage rate in a country depends on the central bank's base lending rate and macroeconomic indicators such as inflation and forecast economic growth. Since 2022, inflationary pressures have led to rapid increase in mortgage interest rates. Which are the leading mortgage markets? An easy way to estimate the importance of the mortgage sector in each country is by comparing household debt depth, or the ratio of the debt held by households compared to the county's GDP. In 2023, Switzerland, Australia, and Canada had some of the highest household debt to GDP ratios worldwide. While this indicator shows the size of the sector relative to the country’s economy, the value of mortgages outstanding allows to compare the market size in different countries. In Europe, for instance, the United Kingdom, Germany, and France were the largest mortgage markets by outstanding mortgage lending. Mortgage lending trends in the U.S. In the United States, new mortgage lending soared in 2021. This was largely due to the growth of new refinance loans that allow homeowners to renegotiate their mortgage terms and replace their existing loan with a more favorable one. Following the rise in interest rates, the mortgage market cooled, and refinance loans declined.

Turkey IG: Interest Rate: Short Term (ST): TRY: Next 3 Mth: Increase data was reported at 20.100 % Point in Apr 2020. This records a decrease from the previous number of 25.400 % Point for Mar 2020. Turkey IG: Interest Rate: Short Term (ST): TRY: Next 3 Mth: Increase data is updated monthly, averaging 18.300 % Point from Jan 2007 (Median) to Apr 2020, with 160 observations. The data reached an all-time high of 75.100 % Point in Sep 2015 and a record low of 2.600 % Point in Mar 2013. Turkey IG: Interest Rate: Short Term (ST): TRY: Next 3 Mth: Increase data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S017: Business Tendency Survey: Investment Consumer Goods: Weighted: NACE Rev2.

The statistic shows the average inflation rate in Turkey from 1987 to 2024, with projections up until 2030. In 2024, the average inflation rate in Turkey was at around 58.51 percent compared to the previous year. Turkey’s economy With a continuously growing gross domestic product /GDP and thus a rising share in the global GDP adjusted for Purchasing Power Parity, Turkey’s economy is one of the largest worldwide. By 2030, Turkey is estimated to be one of the countries with the highest gross domestic product worldwide. Import of goods figures and export figures are rising as well, however, the trade balance of Turkey has been in the negative range for several years now with a downwards trend which indicates a serious trade deficit – or in other words: an imbalance between export and import costs; the value of goods Turkey imports is a lot higher than the value of exported goods. Main export partners of Turkey for textiles, automotive goods, iron and steel, among other goods, are mostly European countries, with Germany leading the ranking, followed by Iraq, Great Britain, Italy and France. The most important economic sector for Turkey is the services sector, especially the tourism sector, which has experienced a significant boost over the last decade. Thus, Turkey is now among the most popular destinations for visitors of all nations. A look at gross domestic product /GDP growth in Turkey shows that the country suffered a brief setback during the economic crisis of 2008, but swiftly recovered and was back in the black by 2010. Turkey’s employment figures hardly suffered at all, they too recovered quickly and are now back to pre-crisis levels.

Bank deposit interest rate, percent in Turquie, juin, 2025 Pour cet indicateur, Central Bank of the Republic of Turkey fournit des données pour la Turquie de janvier 2017 à juin 2025. La valeur moyenne pour Turquie pendant cette période était de 22.44 pour cent avec un minimum de 7.29 pour cent en mai 2020 et un maximum de 55.06 pour cent en juillet 2024. | TheGlobalEconomy.com

Turkey FB: Interest Rate: ST: TRY: Next 3 Mth: Decrease data was reported at 9.900 Point in Apr 2020. This records a decrease from the previous number of 13.200 Point for Mar 2020. Turkey FB: Interest Rate: ST: TRY: Next 3 Mth: Decrease data is updated monthly, averaging 14.300 Point from Jan 2007 (Median) to Apr 2020, with 160 observations. The data reached an all-time high of 49.400 Point in Oct 2007 and a record low of 1.400 Point in Aug 2018. Turkey FB: Interest Rate: ST: TRY: Next 3 Mth: Decrease data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S015: Business Tendency Survey: Food and Beverages: Weighted: NACE Rev2.

Turkey IG: Interest Rate: ST: TRY: Next 3 Mth: Remain Unchanged data was reported at 51.700 % Point in Apr 2020. This records an increase from the previous number of 50.200 % Point for Mar 2020. Turkey IG: Interest Rate: ST: TRY: Next 3 Mth: Remain Unchanged data is updated monthly, averaging 54.900 % Point from Jan 2007 (Median) to Apr 2020, with 160 observations. The data reached an all-time high of 84.300 % Point in Jan 2018 and a record low of 17.300 % Point in Jan 2009. Turkey IG: Interest Rate: ST: TRY: Next 3 Mth: Remain Unchanged data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S017: Business Tendency Survey: Investment Consumer Goods: Weighted: NACE Rev2.

The Turkey Loan market was valued at USD 24.56 billion in 2024 and is expected to grow to USD 32.34 billion by 2030 with a CAGR of 5.24% during the forecast period.

Turkey IG: Interest Rate: ST: TRY: Next 3 Mth: Number of Answers data was reported at 317.000 % Point in Apr 2020. This records a decrease from the previous number of 343.000 % Point for Mar 2020. Turkey IG: Interest Rate: ST: TRY: Next 3 Mth: Number of Answers data is updated monthly, averaging 343.500 % Point from Jan 2007 (Median) to Apr 2020, with 160 observations. The data reached an all-time high of 384.000 % Point in Oct 2013 and a record low of 145.000 % Point in Jan 2007. Turkey IG: Interest Rate: ST: TRY: Next 3 Mth: Number of Answers data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S017: Business Tendency Survey: Investment Consumer Goods: Weighted: NACE Rev2.

Turkey DG: Interest Rate: ST: TRY: Next 3 Mth: Decrease data was reported at 86.400 Point in Apr 2020. This records an increase from the previous number of 60.300 Point for Mar 2020. Turkey DG: Interest Rate: ST: TRY: Next 3 Mth: Decrease data is updated monthly, averaging 14.000 Point from Jan 2007 (Median) to Apr 2020, with 158 observations. The data reached an all-time high of 86.400 Point in Apr 2020 and a record low of 0.200 Point in Dec 2009. Turkey DG: Interest Rate: ST: TRY: Next 3 Mth: Decrease data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S014: Business Tendency Survey: Durable Consumer Goods: Weighted: NACE Rev2.

In 2021, the number of automated teller machines (ATMs) in Turkey decreased by *** machines per 100,000 adults (-**** percent) compared to 2020. Nevertheless, the last two years recorded a significantly higher number of automated teller machines than the preceding years.An ATM is a specialized computer that makes it convenient to manage a bank account holder’s funds. It allows a person to check account balances, withdraw or deposit money, and print a statement of account activities or transactions.Find more statistics on other topics about Turkey with key insights such as deposit interest rate, number of commercial bank branches, and ratio of non-performing loans (NLP) to total gross loans.

Turkey CG: Interest Rate: ST: TRY: Next 3 Mth: Number of Answers data was reported at 454.000 Point in Apr 2020. This records a decrease from the previous number of 497.000 Point for Mar 2020. Turkey CG: Interest Rate: ST: TRY: Next 3 Mth: Number of Answers data is updated monthly, averaging 607.500 Point from Jan 2007 (Median) to Apr 2020, with 160 observations. The data reached an all-time high of 717.000 Point in Sep 2011 and a record low of 336.000 Point in Jan 2007. Turkey CG: Interest Rate: ST: TRY: Next 3 Mth: Number of Answers data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S013: Business Tendency Survey: Consumer Goods: Weighted: NACE Rev2.

As of December 30, 2024, ** economies reported a negative value for their ten year minus two year government bond yield spread: Ukraine with a negative spread of ***** percent; Turkey, with a negative spread of 1332 percent; Nigeria with **** percent; and Russia with **** percent. At this time, almost all long-term debt for major economies was generating positive yields, with only the most stable European countries seeing smaller values. Why is an inverted yield curve important? Often called an inverted yield curve or negative yield curve, a situation where short term debt has a higher yield than long term debt is considered a main indicator of an impending recession. Essentially, this situation reflects an underlying belief among a majority of investors that short term interest rates are about to fall, with the lowering of interest rates being the orthodox fiscal response to a recession. Therefore, investors purchase safe government debt at today's higher interest rate, driving down the yield on long term debt. In the United States, an inverted yield curve for an extended period preceded (almost) all recent recessions. The exception to this is the economic downturn caused by the coronavirus (COVID-19) pandemic – however, the U.S. ten minus two year spread still came very close to negative territory in mid-2019. Bond yields and the coronavirus pandemic The onset of the coronavirus saw stock markets around the world crash in March 2020. This had an effect on bond markets, with the yield of both long term government debt and short term government debt falling dramatically at this time – reaching negative territory in many countries. With stock values collapsing, many investors placed their money in government debt – which guarantees both a regular interest payment and stable underlying value - in contrast to falling share prices. This led to many investors paying an amount for bonds on the market that was higher than the overall return for the duration of the bond (which is what is signified by a negative yield). However, the calculus is that the small loss taken on stable bonds is less that the losses likely to occur on the market. Moreover, if conditions continue to deteriorate, the bonds may be sold on at an even higher price, partly offsetting the losses from the negative yield.

Turkey FB: Interest Rate: Short Term (ST): TRY: Next 3 Mth: Increase data was reported at 27.800 Point in Apr 2020. This records an increase from the previous number of 17.400 Point for Mar 2020. Turkey FB: Interest Rate: Short Term (ST): TRY: Next 3 Mth: Increase data is updated monthly, averaging 21.100 Point from Jan 2007 (Median) to Apr 2020, with 160 observations. The data reached an all-time high of 70.700 Point in Sep 2018 and a record low of 3.100 Point in Aug 2007. Turkey FB: Interest Rate: Short Term (ST): TRY: Next 3 Mth: Increase data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S015: Business Tendency Survey: Food and Beverages: Weighted: NACE Rev2.