Central Bank RatesTürkiye policy rate in 2020 (8 changes)
Start of year12.00%
End of year17.00%Dec 31, 2020
Net change+500 bp3 hikes, 5 cuts
Average10.225%
Rank by level1 / 38
Changes in 2020
| Date | From | To | Change |
|---|---|---|---|
| Jan 17, 2020 | 12.00% | 11.25% | cut -75 bp |
| Feb 20, 2020 | 11.25% | 10.75% | cut -50 bp |
| Mar 18, 2020 | 10.75% | 9.75% | cut -100 bp |
| Apr 23, 2020 | 9.75% | 8.75% | cut -100 bp |
| May 22, 2020 | 8.75% | 8.25% | cut -50 bp |
| Sep 25, 2020 | 8.25% | 10.25% | hike +200 bp |
| Nov 20, 2020 | 10.25% | 15.00% | hike +475 bp |
| Dec 25, 2020 | 15.00% | 17.00% | hike +200 bp |
Compared with other areas at the end of 2020
17%
4.25%
4.25%
4%
3.85%
3.75%
3.5%
2%
2%
1.75%
1.75%
1.5%
1.5%
1.5%
1.5%
1%
1%
0.75%
0.6%
0.5%
0.5%
0.5%
0.5%
0.25%
0.25%
0.25%
0.25%
0.125%
0.1%
0.1%
0.1%
0.1%
0%
0%
0%
-0.1%
-0.6%
-0.75%
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%
2020: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.