Turkey: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 48.35 percent as of December 2024, an increase compared to the previous value of 47.56 percent. Historically, the average for Turkey from January 2017 to December 2024 is 20.86 percent. The minimum of 7.29 percent was recorded in May 2020, while the maximum of 55.06 percent was reached in July 2024.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Central Bank of the Republic of Turkey
| Recent values | Turkey: Bank deposit interest rate, percent |
|---|---|
| 2024 Dec | 48.35 |
| 2024 Nov | 47.56 |
| 2024 Oct | 47.21 |
| 2024 Sep | 50.2 |
| 2024 Aug | 54.15 |
| 2024 Jul | 55.06 |
| 2024 Jun | 48.78 |
| 2024 May | 50.49 |
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Definition: The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 53.9 | 2023 | percent |
| Exchange rate regimes | 5 | 2022 | index points |
| USD exchange rate | 36.1448 | 2/2025 | Local Currency Units per USD |
| Money supply (broad money) | 17,500.66 | 12/2024 | billion |
| Consumer Price Index (CPI) | 1,106.4100 | 2/2025 | index points |
| Inflation, monthly | 2.28 | 2/2025 | percent |
| Inflation, annual | 39.10 | 2/2025 | percent |
| Private sector credit | 12,339.37 | 12/2024 | billion |
| Business credit | 8,570.94 | 12/2024 | billion |
| Household credit | 3,768.43 | 12/2024 | billion |
| Mortgage credit | 462.83 | 12/2024 | billion |
| Consumer credit | 3,305.60 | 12/2024 | billion |
| Deposit interest rate | 48.35 | 12/2024 | percent |
| Business credit interest rate | 59.60 | 12/2024 | percent |
| Mortgage credit interest rate | 40.87 | 12/2024 | percent |
| Policy rate | 45.00 | 1/2025 | percent |
| Household debt to GDP | 9.70 | 6/2024 | percent |
| Debt service ratios for private non-financial sector | 35.40 | Q2/2024 | percent |