Turkey central bank holds rate – July 2026

Timeline

1. 1 day ago

   [BUSINESS] 12 sources

   Turkey's Central Bank reports Q1 2026 financial position and reserve surge

   TCMB’s Q1 2026 report shows 232 trn ₺ assets, 248 trn ₺ liabilities and a 23.2 % GDP net‑position gap; weekly reserves rose to $162.6 bn, gold over $100 bn, while foreign investors bought $38.9 m equities and $

2. 9 days ago

   [BUSINESS] 39 sources

   Turkey's Central Bank Holds Policy Rate at 37% Amid Inflation and Energy Risks

   Turkey's central bank left its policy rate at 37% in July 2026, noting modest inflation easing but temporary risks from energy and geopolitics; the dollar hit a record 47.34 per lira.

3. 11 days ago

   [BUSINESS] 15 sources

   Turkey Central Bank to Keep Policy Rate at 37% in July 23 Announcement

   Turkey's Central Bank will announce on 23 July 2026 that it will keep the policy rate at 37%, with analysts expecting no change. The same day, its Real Sector Confidence Index slipped to 101.2, while inflation

4. 15 days ago

   [BUSINESS] 15 sources

   Turkey's Central Bank reports reserve boost and housing market shock

   Turkey's Central Bank reported that earthquake‑driven migration boosted rental demand, reserves rose 2.3% to $163 bn, and housing price and rent indexes surged in June.

5. 16 days ago

   [BUSINESS] 8 sources

   Turkish TL deposits can outpace dollar returns if exchange‑rate rise stays below 34%

   TL deposits at 36% interest can beat dollars if the exchange rate rises under 34%, while Turkish banks offer 32‑day rates up to 46% annualised.

6. 17 days ago

   [BUSINESS] 2 sources

   Turkish banks roll out interest‑free 100k TL loans as experts warn of credit‑approval mistakes

   Turkish banks offer interest‑free loans up to 100k TL, while experts warn five common mistakes—like low credit scores and undocumented income—that can cause loan rejections.

7. 18 days ago

   [BUSINESS] 2 sources

   Turkish banks lift 1 million TL deposit rates as competition intensifies

   Turkish banks raise 1 million TL deposit rates, offering net returns of 25‑32 k TL after 32 days; experts advise focusing on net yields amid fierce competition.

8. 21 days ago

   [BUSINESS] 2 sources

   Turkey's central bank pledges continued tight policy as inflation eases

   Turkey's central bank governor says inflation fell to 32.1% in June, lira demand stays strong, and tight policy will continue, with possible further hikes if inflation diverges.

9. 22 days ago

   [BUSINESS] 3 sources

   Turkey's Lira Deposits Reach 11-Year High at 62% of Total, Says Finance Minister

   Turkey's finance minister Mehmet Şimşek said lira deposits now make up about 62% of total deposits, the highest share in 11 years, marking progress in reverse dollarisation and rising investor confidence.

10. 24 days ago

    [BUSINESS] 2 sources

    Turkey Central Bank reserves rise to $159.7 billion

    Turkey's central bank total reserves hit $159.7 billion on 3 July, with gross foreign reserves up $7.7 billion to $61.9 billion and gold reserves rising to $97.7 billion; analysis outlines reserve composition.

11. 24 days ago

    [BUSINESS] 5 sources

    Turkey's Central Bank Keeps Tight Policy as Deutsche Bank Predicts Inflation Rise

    Deutsche Bank expects Turkey’s policy rate to fall to 35% by year‑end and the lira to weaken to 51 USD/TRY, while the central bank’s June report shows a slight slowdown in inflation to 39.4% amid falling energy

12. 25 days ago

    [BUSINESS] 2 sources

    Turkish banks raise deposit rates and launch zero‑interest cash promotion

    Turkish banks lifted July deposit rates to 35‑43.5% and Akbank launched a zero‑interest cash loan of up to 100 000 TL, available until July 31 2026.

13. 29 days ago

    [BUSINESS] 2 sources

    Turkey's banking deposits rise as foreign investors keep buying assets

    Turkey's bank deposits rose 1.07% to 31.63 trn TRY, while foreign investors net bought $203 m in equities and $448 m in bonds last week.

14. about 1 month ago

    [BUSINESS] 5 sources

    Turkey's central bank overhauls reserve‑requirement rules for foreign‑currency deposits

    Turkey's central bank revised reserve‑requirement rates for foreign‑currency deposits, removing an extra TL reserve and raising several ratios, effective 17 July 2026.

15. about 1 month ago

    [BUSINESS] 2 sources

    Turkish banks raise deposit rates to over 40% after central bank holds policy rate

    After the central bank left its policy rate unchanged, Turkish banks updated TL deposit rates, with five banks offering yields above 40% and many accounts paying between 38% and 47% on a 32‑day term.

16. about 1 month ago

    [BUSINESS] 2 sources

    JPMorgan lowers Turkey policy rate outlook to 35% amid falling oil prices

    JPMorgan cut its forecast for Turkey’s 2026 policy rate to 35% from 37%, citing falling oil prices after the US‑Iran cease‑fire and easing signals from the Turkish central bank, and expects 100‑bp cuts in Sept.

17. about 1 month ago

    [BUSINESS] 3 sources

    Turkey's central bank reports higher foreign reserves and surge in foreign stock buying

    Turkey's central bank reported foreign reserves up to $59.5 bn, total reserves $157.2 bn, deposits up 0.86% to 31.3 trn lira, and foreign investors bought $465.7 m of stocks, the strongest since April.

18. about 1 month ago

    [BUSINESS] 17 sources

    Turkey's inflation outlook and monetary policy signals ahead of July meeting

    Turkey’s June inflation is forecast near 32 % YoY, core 30 %; Governor Karahan will not restart repo funding before the July meeting, and Minister Şimşek says inflation will keep falling slowly, with fiscal and

19. about 1 month ago

    [BUSINESS] 15 sources

    Turkey’s Central Bank Outlook: Lower Inflation Expectations and Prospective Rate Cuts

    Garanti BBVA sees lower inflation and potential rate easing; TCMB data shows five‑year low inflation expectations; business expects July and September rate cuts.

20. about 1 month ago

    [BUSINESS] 3 sources

    ECB and Turkey's Central Bank Rate Outlook Diverge

    Capital Economics sees Turkey cutting rates to 22% by 2028, while BofA predicts the ECB could raise rates three more times before easing in 2027, with inflation driving both outlooks.

21. about 1 month ago

    [BUSINESS] 18 sources

    Turkey's Central Bank reports falling reserves and modest economic gains

    Turkey's central bank said reserves fell to $152 bn, inflation trends eased, confidence rose to 102, manufacturing capacity hit ~74%, and foreign investors shifted to bonds amid economic risks.

22. about 1 month ago

    [BUSINESS] 6 sources

    Borsa Istanbul swings on US‑Iran diplomatic shift, BofA trades heavily

    Turkey’s Borsa Istanbul swung June 17‑18 as optimism from a US‑Iran pact lifted the BIST 100 and Bank of America’s big trades—selling Astor Enerji and buying Turkish Airlines—added volatility; the index opened

23. about 1 month ago

    [BUSINESS] 2 sources

    Turkey's Political Risk Ranked High as BBVA Cuts Growth Forecast

    BBVA ranks Turkey among the world’s highest‑risk nations, cuts its 2026 growth forecast to 3%, raises inflation outlook to 30% and sees a 37% policy rate by year‑end.

24. about 2 months ago

    [BUSINESS] 5 sources

    Turkish Central Bank Keeps Policy Rate at 37% as Loan Costs Remain High

    Turkey's central bank holds its policy rate at 37%; deposit and loan rates stay high and cuts are not expected until after September.

25. about 2 months ago

    [BUSINESS] 6 sources

    Federal Reserve rate outlook and Middle East tensions shape global markets

    Goldman Sachs and JPMorgan see little chance of a Turkey rate hike; the Fed under new chair Warsh may stay hawkish. US‑Iran talks ease oil prices, while inflation data keep markets wary and SpaceX’s IPO boosts

26. about 2 months ago

    [BUSINESS] 2 sources

    Turkey's Central Bank faces high barrier to further rate hikes, analysts say

    JPMorgan and Goldman Sachs say Turkey's central bank is unlikely to raise rates soon, citing a high hike barrier and covert tightening via higher overnight borrowing costs.

27. about 2 months ago

    [BUSINESS] 2 sources

    Turkey's Central Bank Keeps Policy Rate at 37% Amid Rising Reserves

    Turkey's central bank held its policy rate at 37% and reported total reserves climbing to $159.4 bn, while gold holdings fell.

28. about 2 months ago

    [BUSINESS] 2 sources

    Turkey's Central Bank warns of geopolitical risks amid tight monetary policy

    Turkey's central bank governor warned of rising geopolitical risks while reaffirming a tight monetary stance; markets reacted amid Middle East tensions and an upcoming ECB decision.

29. about 2 months ago

    [BUSINESS] 13 sources

    Turkish Central Bank Holds Policy Rate at 37% Amid Ongoing Inflation Concerns

    On 14 June 2026 Turkey’s Central Bank kept its policy rate at 37%, citing modest inflation easing, ongoing energy‑price volatility and weak domestic demand, and confirmed a continued tight stance.

30. about 2 months ago

    [BUSINESS] 2 sources

    Foreign investors hit record share sales on Turkey's Borsa Istanbul

    Foreign investors recorded a record $857 million equity sell‑off on Borsa Istanbul in the week to June 5, while in May they bought $39.5 billion and sold $40.3 billion, led by Astor Energy purchases and Aselsan

31. about 2 months ago

    [BUSINESS] 3 sources

    Turkey's Central Bank Expected to Keep Policy Rate at 37% Amid Inflation Pressures

    Foreign banks expect Turkey's central bank to keep its policy rate at 37% amid core inflation near 32%, with a possible rise to 40% if risks increase; ING forecasts the year‑end dollar‑lira rate at 53.

32. about 2 months ago

    [BUSINESS] 5 sources

    Turkey's central bank set to keep policy rate at 37% on June 11

    Turkey’s central bank will decide on 11 June 2026 whether to keep its policy rate at 37% or raise it to 40%, with most analysts expecting no change.

33. about 2 months ago

    [BUSINESS] 2 sources

    Turkey's Central Bank Holds Interest Rate Amid Global Inflation Data

    Analysts flag Wednesday's U.S. CPI, Thursday's TCMB rate hold at 37%, and Friday's ECB outlook as key drivers of market moves, with the BIST 100 index expected to stay between 13,000‑14,000 points.

34. about 2 months ago

    [BUSINESS] 2 sources

    Turkish Central Bank Expected to Hold or Raise Rates Amid Inflation Pressures

    BBVA sees a possible 40% rate hike by Turkey's central bank in June, while the TCMB prepares to announce its next policy decision Thursday, maintaining a cautious stance amid high inflation and geopolitical‑dr‑

35. about 2 months ago

    [BUSINESS] 2 sources

    Bank of America drives buying in Turkish consumer and energy stocks while offloading defense shares

    Bank of America bought Coca‑Cola İçecek and other consumer/energy stocks on Borsa Istanbul, while selling heavily in Aselsan and other defense shares; overall cash inflows favored large‑cap banks, energy and工业s

36. 2 months ago

    [BUSINESS] 3 sources

    Turkey's central bank and US Fed set June interest‑rate announcement dates

    Turkey’s central bank will announce its June 11 rate decision, while the US Fed is set to release its June 17 decision, both amid heightened geopolitical and inflation concerns.

37. 2 months ago

    [BUSINESS] 2 sources

    Turkey's central bank likely to raise rates amid inflation and political turmoil

    Turkish markets bet on a rate hike at the June 11 CBRT meeting, with swaps indicating ~41.75% funding costs as inflation, high energy prices and a political crisis pressure the lira.

38. 3 months ago

    [POLITICS] 5 sources

    Turkey and Northern Cyprus call for inflation‑targeting as central‑bank policies face criticism

    Economists and politicians in Turkey and Northern Cyprus urge inflation‑targeting, criticizing current central‑bank policies.

39. 3 months ago

    [BUSINESS] 8 sources

    Turkey Central Bank Signals Continued Tight Policy as Inflation Expectations Rise

    Turkey’s central bank vows more tightening as inflation expectations climb, reserves hit $171.5 bn and BIST falls 1.9 %.

40. 3 months ago

    [BUSINESS] 4 sources

    Bank of America sells 5.3bn TL of Turkish stocks, Akbank top pick

    BofA sold 5.3bn TL of Turkish stocks, led by Akbank; DSTKF fell to 2,423 TL on May 12 with high volatility.