Turkish Central Bank (TCMB) has lowered 11. September Reference interest rate from 43 percent to 40.5 percent.
Interest on overnight borrowing was also corrected, with 46 percent to 43.5 percent, as well as interest on overnight borrowing, with 41.5 percent to 39 percent.
The decision comes after the signs of deceling inflation in August, although food prices and services continue to pressure on price growth.
Turkey’s economic growth in the second quarter of 2025 was greater than expected, but domestic consumption remains weak, which creates conditions for further inflation reduction, states TCMB on its website.
The Central Bank emphasizes that strict monetary policy will remain in force until the price stability is reached. Interest rates will further adapt to inflation and temporary objectives, and in the event of a sudden jump jumping, additional policy-making is possible.
In effect, the TCMB target is still the goal of lowering inflation to five percent.
The annual inflation rate in Turkey fell from July 33.5 percent to 32.9 percent in August, published the Turkish Institute for Statistics (Turkstat) in early September.
This is the fifteenth consecutive month of the consumer inflation in Turkey and the lowest rate of November 2021. year, the Tanjug passes.
