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Turkey Central Bank Holds Rates at 37% as It Eyes Iran War Fallout
The bank said energy price volatility and higher inflation expectations could delay rate cuts, with economists now seeing 32.75% by year-end.
8 Articles
8 Articles
Despite the contraction in industry and increasing bankruptcies due to the high interest rate policy, the Central Bank of Turkey (TCMB), which postponed interest rate cuts after January 2026, kept interest rates unchanged for the second consecutive meeting. The Central Bank signaled that it would raise interest rates if the secondary effects of the war on inflation intensified.
Turkiye Holds Interest Rate at 37% Amid Inflation Risks and Energy Price Volatility
Amid geopolitical developments and resulting uncertainties, energy prices remain elevated and exhibit notable volatility, Turkish Central Bank says The Central Bank of the Republic of Türkiye has kept its policy interest rate, or one-week repo rate, constant at 37% on Thursday. The bank has also maintained the overnight lending rate and the overnight borrowing rate at 40% and 35.5%, respectively. “The underlying trend of inflation declined in Ma…
The central bank maintains its restrictive bias against geopolitical noise in the Middle East and the signs of upturn in underlying inflation.
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