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Türkiye Central Bank Keeps Policy Rate Steady
(MENAFN) The Central Bank of the Republic of Türkiye has decided to leave its main policy interest rate, the one-week repo rate, unchanged at 37% during its meeting on Thursday.
It also held steady the overnight lending rate at 40% and the overnight borrowing rate at 35.5%, maintaining its current monetary policy framework without adjustments.
"The underlying trend of inflation declined in March. Leading indicators suggest a slight increase in the underlying trend in April," the bank noted, adding: “Amid geopolitical developments and the resulting uncertainties, energy prices remain elevated and exhibit notable volatility.”
According to the central bank, available indicators suggest a deceleration in economic momentum. It also emphasized that possible secondary effects from recent developments on the inflation outlook will be closely monitored.
"The tight monetary policy stance, which will be maintained until price stability is achieved, will strengthen the disinflation process through demand, exchange rate, and expectation channels," the bank added.
The institution has been gradually reducing rates over the past year, starting from 45% and bringing them down to 38% before further cutting them to 37% in January during the first monetary policy meeting of 2026.
It also held steady the overnight lending rate at 40% and the overnight borrowing rate at 35.5%, maintaining its current monetary policy framework without adjustments.
"The underlying trend of inflation declined in March. Leading indicators suggest a slight increase in the underlying trend in April," the bank noted, adding: “Amid geopolitical developments and the resulting uncertainties, energy prices remain elevated and exhibit notable volatility.”
According to the central bank, available indicators suggest a deceleration in economic momentum. It also emphasized that possible secondary effects from recent developments on the inflation outlook will be closely monitored.
"The tight monetary policy stance, which will be maintained until price stability is achieved, will strengthen the disinflation process through demand, exchange rate, and expectation channels," the bank added.
The institution has been gradually reducing rates over the past year, starting from 45% and bringing them down to 38% before further cutting them to 37% in January during the first monetary policy meeting of 2026.
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