Central Bank September Interest Rate Decision Date Announced
The CBRT Monetary Policy Committee kept the policy rate constant at 37 percent at its September meeting held under the chairmanship of Fatih Karahan.
The Central Bank of the Republic of Turkey Monetary Policy Committee convened on September 10, 2026, chaired by Fatih Karahan. According to the announcement, the one-week repo auction interest rate was kept constant at 37 percent.
Meeting and Interest Rates
The Central Bank of the Republic of Turkey Monetary Policy Committee concluded its sixth meeting of the year on September 10, 2026. Following the meeting, the one-week repo auction interest rate was kept constant at 37 percent in line with expectations.
Borrowing and Lending Rates
At the same meeting, the Central Bank left the overnight lending interest rate unchanged at 40 percent, while setting the overnight borrowing interest rate at 35.5 percent, making no changes to these rates either.
Inflation and Risk Assessments
In the decision text, it was emphasized that despite monthly fluctuations, recent inflation realizations and leading indicators point to a decline in the underlying trend of inflation. High energy prices driven by geopolitical developments were noted to pose an upward risk to the inflation outlook.
Monetary Policy Stance
Central Bank officials stated that the tight monetary policy stance will be resolutely maintained until price stability is permanently achieved. It was noted that no new cuts have been made to the policy rate for approximately 8 months since the reduction in January 2026.