The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee announced its interest rate decision following today’s meeting on April 22, 2026.

• Policy Rate Maintained: The committee kept the policy rate steady at 37%, in line with market expectations.
• No Change in the Interest Rate Corridor: The overnight lending rate remains at 40%, and the borrowing rate remains at 35.5%.
• Inflation Emphasis: The decision text notes that in March, a downward trend in core inflation was observed, but April preliminary data indicate a slight increase in this trend.
• Geopolitical Risks and Energy: Attention was drawn to uncertainties in global markets and especially geopolitical developments originating from the Middle East affecting energy prices, with close monitoring of their potential impact on inflation.
• Tight Stance Message: It was reiterated that a tight monetary policy stance will be maintained until price stability is achieved, and if a persistent deterioration in inflation outlook occurs, the policy stance could be further tightened.
• Cautious Approach: The committee stated that it will continue to make monetary policy decisions based on data and a cautious approach, strengthening the disinflation process.
(CBRT #bist100