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The Central Bank of the Republic of Türkiye kept its policy interest rate, the one-week repo rate, unchanged at 37% on Thursday.
The bank also maintained the overnight lending rate at 40% and the overnight borrowing rate at 35.5%.
“The underlying trend of inflation was essentially flat in February,” the bank said in a statement.
It added that uncertainty had increased due to geopolitical developments.
“As uncertainty heightened amid geopolitical developments, global risk appetite deteriorated and energy prices increased,” the statement said.
The central bank said decisions supporting tight monetary policy had been implemented alongside coordinated fiscal measures to limit risks to the inflation outlook.
According to the bank, the tight stance will strengthen the disinflation process through demand, exchange rate and expectations channels.
Starting from 45%, the bank gradually lowered the policy rate to 38% last year and then reduced it to 37% at the first monetary policy meeting of 2026 in January.
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