intrates.com
Return to Homepage

February 2026 Interest Rates and Regulations in Turkey

In February 2026, interest rates in Turkey remained unchanged. The Central Bank of the Republic of Turkey (CBRT) had lowered the policy rate by 100 basis points from 38% to 37% in January. This reduction was part of an ongoing process of rate cuts that began in December 2025, but it fell short of market expectations. In February, the CBRT did not hold a new Monetary Policy Committee (MPC) meeting, and there were no changes to the interest rates. The next meeting of the Central Bank is scheduled for March 12, 2026. Markets believe that February's inflation could influence interest rate policy; if inflation comes in low, there are comments suggesting that rate cuts may continue.

The year 2026 stands out as a period of significant changes in Turkey's economic dynamics. In particular, interest rates and central bank decisions are among the key factors that directly influence the economy. In January 2026, the Central Bank of the Republic of Turkey (CBRT) held a Monetary Policy Committee (MPC) meeting, where it implemented a rate cut below expectations, lowering the policy rate from 38% to 37%. This change was considered a noteworthy development as

the first interest rate decision of the year
. The moderate expectations for further rate cuts led to varying interpretations in the markets.

In February, however, the CBRT did not hold a new MPC meeting, and no changes were made to the interest rates. The decision to keep the policy rate steady is being closely monitored by market participants. It is anticipated that February's inflation data will have an impact on the central bank's future interest rate policies. If the inflation figures come in low, discussions about the

possibility of continuing interest rate cuts
may increase.

This content aims to provide detailed information about the interest rates and regulations in Turkey for February 2026, helping readers better understand the current economic situation. Analyzing the decisions made by the Central Bank and the market reactions will contribute to more informed actions by investors and those interested in the economy. For more information on economic dynamics, continue to follow our website.

Development of Interest Rates in Turkey

Interest rates in Turkey are critically important for ensuring economic stability and combating inflation. In January 2026, the Central Bank of the Republic of Turkey (CBRT) reduced the policy interest rate from 38% to 37%. This reduction was more cautious, falling below market expectations. Notably, assessments of inflation trends indicate that while the main trend has declined, risks remain.

Following the interest rate cut in January, the CBRT did not hold a new meeting in February. As a result, there has been no change in the policy interest rate, which remains steady at 37%. It is anticipated that February's inflation data will influence the Central Bank's future interest rate decisions. If inflation figures come in low, there are expectations for continued interest rate cuts.

Overall, the interest rate policy at the beginning of 2026 will continue to evolve based on the economic trajectory. The 100 basis point cut implemented in January is viewed as part of the previous interest reduction process. However, this cut has been closely monitored by investors and economists due to its lower-than-expected impact on the markets.

In conclusion, the development of interest rates in Turkey in 2026 is directly linked to the decisions made by the Central Bank. New decisions to be made in the March meeting are of great importance for alleviating uncertainties in the markets and ensuring economic stability.

January 2026 Interest Rate Cut: What Happened?

In January 2026, the Central Bank of the Republic of Turkey (CBRT) reduced the policy interest rate by 100 basis points from 38% to 37%. This reduction attracted attention as it was below market expectations. The interest rate cut in January is seen as part of a trend of rate reductions that began in December 2025. However, the assessments regarding inflation trends in the decision text indicate a more cautious approach.

It was emphasized that the main trend has declined, but risks remain.

In February, the CBRT did not hold a new Monetary Policy Committee (MPC) meeting. This means that there was no change in the policy interest rate during February. Keeping interest rates stable may create uncertainty in the markets. In particular, February's inflation is expected to have an impact on the Central Bank's interest rate policy. If inflation data comes in low, comments about the continuation of interest rate cuts are being made. This situation is emerging as one that will be closely monitored by investors and economic analysts.

The next interest rate decision will be announced on March 12, 2026.

Overall, the interest rate cut in January 2026, which brought the rate down to 37%, created a general reaction in the markets. However, since this cut was more moderate than expected, its economic effects may be limited. In February, the stability of interest rates has led investors to increase their expectations and focus on March to gain more insight into the Central Bank's policy.

As a result, uncertainties regarding the interest rate policy continue, and a process that requires careful monitoring is underway.

February 2026: No Change in Interest Rates

As of 2026, interest rates in Turkey continue to follow a certain trend based on economic developments and inflation expectations. In January 2026, the Central Bank of the Republic of Turkey (CBRT) reduced the policy rate from 38% to 37% during the Monetary Policy Committee (MPC) meeting. This was considered a more cautious cut than expected in the markets, and

it was noted that the interest rate reduction is part of a trend that has been ongoing since December 2025.
The related decision document emphasized that inflation trends are being evaluated more carefully and that risks still persist.

In February 2026, however, the CBRT did not hold a new meeting. Therefore, there was no change in the policy rate, and it was reported that the rate remained unchanged.

It has been announced that the next MPC meeting will be held on March 12, 2026, and a new interest rate decision will be made at this meeting.
It is believed that February's inflation could have a significant impact on the Central Bank's interest rate policy. Low inflation data is leading to interpretations that further interest rate cuts may occur.

In general assessment, the interest rate cut implemented in January 2026 was below expectations at 37%. As of February 2026, the interest rate has remained stable, and

a new decision is expected to be made at the meeting in March.
Monitoring economic indicators and inflation data plays a decisive role in future interest rate policies.

Impact of Central Bank's Interest Rate Policy

The Central Bank of the Republic of Turkey (CBRT) is striving to maintain the country's economic balances through its interest rate policy. Entering 2026 swiftly, the CBRT took a significant step in January by lowering the policy interest rate from 38% to 37%. This reduction was seen as part of the Bank's interest rate reduction process that began in December 2025. However, the fact that the interest rate cuts fell short of expectations created a cautious atmosphere in the markets.

The decision text also highlighted that inflation trends were assessed more cautiously and that risks continued to persist.

In February, the CBRT did not hold a new Monetary Policy Committee (MPC) meeting. Therefore, there was no change in the policy interest rate for February, and the interest rate remained unchanged. There are comments in the markets suggesting that February's inflation will influence the Central Bank's future interest rate decisions. If inflation comes in low, this could strengthen expectations that interest rate cuts may continue.

Experts emphasize the need to monitor inflation data.

As a result, 2026 stands out as a critical period for Turkey. Following the interest rate cut in January, the sustainability of the status quo in February, how uncertainties in the markets will shape, and the impact of inflation data on the Central Bank are of great importance.

Therefore, investors and economists need to conduct careful monitoring.

Expectations for Future Interest Rate Decisions

As of 2026, expectations regarding interest rates in Turkey are of great importance for market participants and investors. The Central Bank of the Republic of Turkey (CBRT) reduced the policy interest rate from 38% to 37% during the Monetary Policy Committee (MPC) meeting held in January 2026. This reduction indicates a more cautious approach, falling short of market expectations. Experts suggest that this decision is part of the ongoing interest rate reduction process that has been in place since December 2025. However, the decision text emphasizes that inflation trends are being evaluated more cautiously and that risks remain.

This situation is shaping investors' expectations regarding interest rates for 2026. It is particularly believed that low inflation figures could allow for the continuation of interest rate cuts.

In February 2026, the CBRT did not hold a new meeting, and it was announced that the next interest rate decision would be revealed on March 12, 2026. Therefore, there was no change in the policy interest rate in February. Market analysts are eagerly awaiting the impact of February's inflation on the Central Bank's interest rate policy. If February's inflation is low, this could strengthen expectations for further interest rate cuts.

In a general assessment, the reduction of interest rates to 37% in January created uncertainty among investors. While the stability of interest rates in February provided some relief to market participants, it is evident that caution is necessary for the upcoming period.