The Central Bank of Turkey held its benchmark one-week repo rate at 8 percent on January 24th, while markets were expecting a 50bps hike, and raised its lending rate by 75bps to 9.25 percent, in an attempt to support the currency and to contain a deterioration in the inflation outlook. Interest Rate in Turkey averaged 59.49 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.