CBRTDecision of October 22, 2026
CBRT Interest Rate Decision 2026: Policy Rate and MPC Calendar
The CBRT’s one-week repo auction rate anchors deposit, loan and fund yields. It is set at Monetary Policy Committee (MPC) meetings and the decision is announced on the CBRT website on the meeting day.
- Previous decision
- 37.00%
- Annual CPI
- 29.73%
- Real rate
- 6.27 pp
Next meeting: December 10 (38 days)
At its MPC meeting on October 22, 2026, the CBRT cut the policy rate from 37.00% to 36.00%.
With annual inflation at 29.73%, the real policy rate is 6.27 pp.
The next decision is due on December 10.
2026 MPC Meeting Calendar
| Meeting date | Status | Announced rate |
|---|---|---|
| January 22, 2026 | Announced | 37.00% |
| March 12, 2026 | Announced | 37.00% |
| April 22, 2026 | Announced | 37.00% |
| June 11, 2026 | Announced | 37.00% |
| July 23, 2026 | Announced | 37.00% |
| September 10, 2026 | Announced | 37.00% |
| October 22, 2026 | Announced | 36.00% |
| December 10, 2026 | Upcoming | — |
2027 MPC Meeting Calendar
| Meeting date | Status | Announced rate |
|---|---|---|
| January 21, 2027 | Upcoming | — |
| March 18, 2027 | Upcoming | — |
| April 22, 2027 | Upcoming | — |
| June 10, 2027 | Upcoming | — |
Source: CBRT Monetary Policy Committee meeting calendar (updated automatically; last checked Nov 2, 2026, 08:03)
Policy Rate Over Time
Recent Rate Decisions
| Decision date | Actual | Previous | Change (pp) |
|---|---|---|---|
| December 10, 2026 | — | 36.00% | — |
| October 22, 2026 | 36.00% | 37.00% | −1.00 |
| September 10, 2026 | 37.00% | 37.00% | 0.00 |
| July 23, 2026 | 37.00% | 37.00% | 0.00 |
| June 11, 2026 | 37.00% | 37.00% | 0.00 |
| April 22, 2026 | 37.00% | 37.00% | 0.00 |
| March 12, 2026 | 37.00% | 37.00% | 0.00 |
| January 22, 2026 | 37.00% | 38.00% | −1.00 |
| December 11, 2025 | 38.00% | 39.50% | −1.50 |
| October 23, 2025 | 39.50% | 40.50% | −1.00 |
| September 11, 2025 | 40.50% | 43.00% | −2.50 |
| July 24, 2025 | 43.00% | 46.00% | −3.00 |
| June 19, 2025 | 46.00% | 46.00% | 0.00 |
| April 17, 2025 | 46.00% | 42.50% | 3.50 |
| March 06, 2025 | 42.50% | 45.00% | −2.50 |
| January 23, 2025 | 45.00% | 47.50% | −2.50 |
| December 26, 2024 | 47.50% | 50.00% | −2.50 |
| November 21, 2024 | 50.00% | 50.00% | 0.00 |
| October 17, 2024 | 50.00% | 50.00% | 0.00 |
| September 19, 2024 | 50.00% | 50.00% | 0.00 |
| August 20, 2024 | 50.00% | 50.00% | 0.00 |
| July 23, 2024 | 50.00% | 50.00% | 0.00 |
| June 27, 2024 | 50.00% | 50.00% | 0.00 |
| May 23, 2024 | 50.00% | 50.00% | 0.00 |
| April 25, 2024 | 50.00% | 50.00% | 0.00 |
Related Indicators
Real Return
- Annual CPI
- 29.73%
- Policy rate
- 36.00%
About the Policy Rate
The policy rate of the Central Bank of the Republic of Türkiye (CBRT) is the one-week repo auction rate set at Monetary Policy Committee (MPC) meetings. This page shows the current rate, the last 24 decisions and the change at each decision.
Frequently Asked Questions
When is the next CBRT rate decision?
The next MPC meeting is on December 10, 2026; the rate decision is announced the same day on the CBRT website.
How many MPC meetings are left in 2026?
As of November 02, 2026, the CBRT calendar has 1 MPC meetings left in 2026: December 10, 2026.
2026 MPC meeting calendar
The MPC meeting dates for 2026 listed in the calendar published by the CBRT are: January 22, 2026, March 12, 2026, April 22, 2026, June 11, 2026, July 23, 2026, September 10, 2026, October 22, 2026, December 10, 2026. Decisions are announced on the meeting day.
2027 MPC meeting calendar
The MPC meeting dates for 2027 listed in the calendar published by the CBRT are: January 21, 2027, March 18, 2027, April 22, 2027, June 10, 2027. Decisions are announced on the meeting day.
What is the current CBRT policy rate?
The CBRT policy rate stands at 36.00% as of the decision dated October 22, 2026.
When did the rate last change?
The policy rate was last lowered on October 22, 2026, from 37.00% to 36.00%.
When and where is the rate decision announced?
The MPC decision is announced on the CBRT website with a short rationale right after the meeting; meeting dates are listed in the MPC calendar published by the CBRT.
How does the policy rate affect deposit rates and fund returns?
Banks price deposits and loans largely off the policy rate; a hike lifts deposit yields and the daily return of money market funds, a cut lowers them. Because bond prices move inversely to rates, a cut tends to help bond funds, and it usually supports equity valuations as the discount rate falls.
What is the policy rate?
The policy rate is the rate the CBRT applies to banks in one-week repo auctions. It is the central bank’s main tool for price stability and directly shapes inflation expectations, borrowing costs and the appeal of the Turkish lira.