Turkey - short-term interest rate 2009-2018

This statistic presents the development of the annual short-term interest rate for Turkey between 2009 and 2016, with further projections for 2017 and 2018. Turkey's short-term interest rate was at a low of 6.93 percent in 2013 and it peaked just two year later in 2015 at 10.95 percent. Nevertheless, the projections for 2017 and 2018 estimate that the short-term interest rate would be between eight and nine percent.

Turkey: Development of short-term annual interest rate from 2009 to 2018*

Characteristic	Short-term annual interest rate
2018*	8.33%
2017*	8.88%
2016	10.23%
2015	10.95%
2014	10.33%
2013	6.93%
2012	8.85%
2011	8.76%
2010	7.61%
2009	10.14%

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Release date

November 2016

More information

Region

Turkey

Survey time period

2009 to 2016

Supplementary notes

* Estimates for 2017 and 2018.
The source adds further information: "Short-term interest rates are the rates at which short-term borrowings are effected between financial institutions or the rate at which short-term government paper is issued or traded in the market."

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