The Central Bank of Türkiye’s Monetary Policy Committee kept the one-week repo rate at 37.0% on 22 April, with the overnight corridor unchanged at 35.5%–40.0%, citing a March decline but an expected April uptick in the underlying inflation trend, elevated and volatile energy prices amid geopolitical tensions, and signs of a slowdown in economic activity. After hiking to 46% in April 2025, the Committee has delivered a net 900 bp of cuts and has held the rate since January 2026. The corridor and other liquidity tools will continue to be used to secure firm monetary transmission, and macroprudential measures will be added if credit or deposit dynamics threaten that transmission. The Committee reiterated that tight policy will remain in place until the 5% medium-term inflation target is secured and signalled readiness to tighten further should a “significant and persistent” deterioration in the inflation outlook emerge.
Central Bank of Türkiye 2026-04-22
Central Bank of Türkiye Holds One-Week Repo Rate at 37.0%
Central Bank of Türkiye kept the one-week repo rate at 37 % (overnight corridor 35.5 %–40 %), noting an imminent uptick in underlying inflation, volatile energy prices and slowing activity. The MPC will sustain tight policy, use corridor, liquidity and macroprudential tools to ensure transmission and stands ready to tighten further until inflation converges to its 5 % medium-term target.