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Turkiye's policy rate is the one-week repo auction rate, standing at 37.00 per cent

The Central Bank of the Republic of Turkiye (CBRT) sets the country's policy rate, which is the one-week repo auction rate.
The rate stands at 37.00 per cent.
It was brought down to 37.00 per cent from 38.00 per cent on 23 January 2026.
The step before that had taken the rate from 39.50 per cent to 38.00 per cent on 12 December 2025.
The Monetary Policy Committee left the rate unchanged at its meeting on 10 September 2026, with the overnight lending rate at 40 per cent and the overnight borrowing rate at 35.5 per cent.
The Committee's next scheduled meeting is on 22 October 2026.

Policy rate: 37.00 per cent Previous level: 38.00 per cent In force since: 23 January 2026
Why it matters for exams: Policy rates of large emerging economies are set beside the RBI repo rate in economy questions.
Kerala PSCUPSC

In plain words

CBRT Central Bank of the Republic of Turkiye — Turkiye's central bank, whose Monetary Policy Committee fixes the policy rate.

Repo Repurchase agreement — A short-term loan against securities; the one-week repo auction rate is Turkiye's policy rate.

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