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Turkey's Central Bank Cuts Policy Rate by 100bps to 37.0%, Less Than Expected

BY MT Newswires | ECONOMIC | 01/22/26 08:58 AM EST

08:58 AM EST, 01/22/2026 (MT Newswires) -- Turkey's central bank (CBT) Thursday said its Monetary Policy Committee (MPC) decided to reduce the policy rate -- the one-week repo auction rate -- to 37.0% from 38.0%.

All but two forecasters of a survey had expected a bigger cut, noted Scotiabank after the policy decision.

The MPC also lowered the Central Bank overnight lending rate to 40.0% from 41.0% and the overnight borrowing rate from 36.5% to 35.5%.

"Indicators for the last quarter point to demand conditions that continue to support the disinflation process, albeit at a moderating pace," stated CBT's policy statement.

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