Region

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2026-04-22

Added 2026-08-04

Monetary Policy Committee Decision No: 2026-17

The Monetary Policy Committee maintains the policy rate at 37 percent, while keeping the Central Bank overnight lending rate at 40 percent and the overnight borrowing rate at 35.5 percent. The Committee reaffirms that the tight monetary policy stance will remain in place until price stability is achieved, with a commitment to tighten the stance in the event of significant and persistent deterioration in the inflation outlook. Decisions will be guided by realized and expected inflation trends to support the medium-term 5 percent inflation target, and additional macroprudential measures may be employed to support the monetary transmission mechanism if unanticipated developments occur in credit and deposit markets.

Turkey

Central Bank of Republic of Turkey

Topics

monetary