Central Bank RatesTürkiye policy rate in 2008 (7 changes)
Start of year15.75%
End of year15.00%Dec 31, 2008
Net change-75 bp3 hikes, 4 cuts
Average15.994%
Rank by level3 / 38
Changes in 2008
| Date | From | To | Change |
|---|---|---|---|
| Jan 18, 2008 | 15.75% | 15.50% | cut -25 bp |
| Feb 15, 2008 | 15.50% | 15.25% | cut -25 bp |
| May 16, 2008 | 15.25% | 15.75% | hike +50 bp |
| Jun 17, 2008 | 15.75% | 16.25% | hike +50 bp |
| Jul 18, 2008 | 16.25% | 16.75% | hike +50 bp |
| Nov 20, 2008 | 16.75% | 16.25% | cut -50 bp |
| Dec 19, 2008 | 16.25% | 15.00% | cut -125 bp |
Compared with other areas at the end of 2008
18%
17.75%
15%
13.75%
13%
11.5%
10.25%
10%
9.5%
9.25%
8.25%
8.25%
7%
6.5%
6.5%
5.5%
5.31%
5%
5%
4.25%
3.75%
3.75%
3.5%
3.25%
3%
3%
2.75%
2.5%
2.5%
2.5%
2.25%
2%
2%
1.5%
0.5%
0.5%
0.125%
0.1%
Year-end rate over time
37%
38%
47.5%
42.5%
9%
14%
17%
12%
24%
8%
8%
7.5%
8.25%
4.5%
5.5%
5.75%
6.5%
6.5%
15%
15.75%
17.5%
13.5%
18%
26%
44%
2008: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.