Central Bank RatesTürkiye policy rate in 2021 (5 changes)
Start of year17.00%
End of year14.00%Dec 31, 2021
Net change-300 bp1 hikes, 4 cuts
Average17.725%
Rank by level1 / 38
Changes in 2021
| Date | From | To | Change |
|---|---|---|---|
| Mar 19, 2021 | 17.00% | 19.00% | hike +200 bp |
| Sep 24, 2021 | 19.00% | 18.00% | cut -100 bp |
| Oct 22, 2021 | 18.00% | 16.00% | cut -200 bp |
| Nov 19, 2021 | 16.00% | 15.00% | cut -100 bp |
| Dec 17, 2021 | 15.00% | 14.00% | cut -100 bp |
Compared with other areas at the end of 2021
14%
9.25%
8.5%
5.5%
4%
4%
3.8%
3.75%
3.75%
3.5%
3%
2.5%
2.4%
2%
2%
1.75%
1.75%
1.75%
1.5%
1.5%
1.25%
1%
1%
1%
0.75%
0.5%
0.5%
0.5%
0.25%
0.25%
0.125%
0.1%
0.1%
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%
2021: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.