16:51 - 12.03.2026

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March 12, Fineko/abc.az. The Central Bank of Turkey has kept its key interest rate at 37% per annum. It also kept the overnight loan rate at 40% and the overnight deposit rate at 35.5%.

ABC.AZ reports that this follows from the press release of the Turkish regulator.

Prior to this, the Turkish regulator lowered the key rate five times in a row.

The CBT explained its decision by increased uncertainty due to geopolitical events and rising energy prices.

The CBT announced that it will continue to adhere to tight monetary policy until inflation reaches its target values. Regulator's goal is to slow down inflation to 5%.