The Central Bank of Turkey held its benchmark one-week repo rate at 8 percent on March 16th, as widely expected. Also, the lending rate was kept unchanged at 9.25 percent while market expected 50 bps hike. Policymakers said that the recently released data indicated a gradual recovery in the economic activity while the significant rise in inflation is expected to continue in the short term due to lagged pass-through and the base effect in food prices. Interest Rate in Turkey averaged 59.46 percent from 1990 until 2017, reaching an all time high of 500 percent in March of 1994 and a record low of 4.50 percent in May of 2013. In Turkey, benchmark interest rates are set by the Central Bank of the Republic of Turkey Monetary Policy Committee (Türkiye Cumhuriyet Merkez Bankasi - TCMB). Since May 18, 2010 the main interest rate is 1 Week Repo Lending Rate. This page 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.