EL7.AI
Central BanksMediumUpdated•Originally published 22 October 2026•Updated 22 October 2026•
1 min read

CBRT Cuts Interest Rates by 100bps to 36.00%

Collage with a man, Turkish flag, TCMB building, Turkish Lira symbols, and a red downward arrow on a yellow background.

Key Facts

1The Central Bank of the Republic of Turkey (CBRT) cut interest rates by 100 basis points to 36.00%.

The Central Bank of the Republic of Turkey (CBRT) cut interest rates by 100 basis points to 36.00%. Investing.com reported that the decision is part of the central bank's monetary policy adjustments regarding inflation and economic growth following a period of high interest rates.

The policy shift follows economic data showing Turkish consumer confidence fell to 84.8 on October 22, 2026, missing the forecast of 92. Additionally, business confidence was recorded at 99.8 on October 21, 2026, down from the previous reading of 102.

The Turkish unemployment rate is scheduled for release on October 27, 2026, with market forecasts expecting a rate of 7.9% compared to the previous 7.8%.