Business · Economy · 12 hrs ago
Turkey’s central bank to announce rate decision on October 22
Turkey’s central bank meets on October 22 to set its next interest-rate decision.
At its September meeting, it kept the policy rate at 37%.
The bank also left its overnight lending rate at 40% and its overnight borrowing rate at 35.5%.
Inflation and weak domestic demand are key concerns as officials consider their next steps.
The bank has said geopolitical developments could push energy prices higher and add to inflation.
It says tight policy will continue until prices are stable, and it could tighten further if the inflation outlook worsens significantly and persistently.
The decision and policy signals are due at 14:00 on October 22.
Turkey’s central bank will announce its policy rate decision on October 22.
The Monetary Policy Committee meeting will be chaired by Central Bank Governor Fatih Karahan.
The decision is due to be announced at 14:00 on the same day.
The bank left its policy rate unchanged at 37% at its previous meeting in September.
Markets are watching for signals on monetary policy and efforts to curb inflation.
- Who
- Turkey’s Central Bank Monetary Policy Committee, chaired by Governor Fatih Karahan.
- What
- It will decide on the policy rate and announce its decision.
- When
- October 22, 2026, at 14:00.
- Where
- Not stated.
- Why
- Markets are watching the rate decision and the bank’s signals on inflation and future monetary policy.
This story does not have two clearly opposing sides.
The central bank kept its policy rate at 37% at its previous Monetary Policy Committee meeting.
Sabah reported that the bank’s next policy meeting and rate decision were scheduled for October 22.
The Monetary Policy Committee is scheduled to meet, with the rate decision due at 14:00.
- Decision date
- October 22, 2026
- Announcement time
- 14:00
- Previous policy rate
- 37%
- Governor
- Fatih Karahan
- Overnight lending rate in September
- 40%
- Overnight borrowing rate in September
- 35.5%
What people are saying
Leading indicators point to a decline in the underlying trend of inflation.
The tight monetary policy stance will continue until price stability is achieved.