Central Bank RatesTürkiye policy rate in 2024 (3 changes)
Start of year42.50%
End of year47.50%Dec 31, 2024
Net change+500 bp2 hikes, 1 cuts
Average48.63%
Rank by level1 / 38
Changes in 2024
| Date | From | To | Change |
|---|---|---|---|
| Jan 26, 2024 | 42.50% | 45.00% | hike +250 bp |
| Mar 22, 2024 | 45.00% | 50.00% | hike +500 bp |
| Dec 27, 2024 | 50.00% | 47.50% | cut -250 bp |
Compared with other areas at the end of 2024
47.5%
21%
12.25%
10%
9.5%
8.5%
7.75%
6.5%
6.5%
6.5%
6%
5.75%
5.75%
5.75%
5.55%
5%
5%
5%
4.75%
4.75%
4.5%
4.5%
4.375%
4.35%
4.25%
4%
4%
3.25%
3.1%
3%
3%
3%
2.75%
2.6%
2.5%
2.25%
0.5%
0.25%
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%
2024: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.