Ankara: The Central Bank of the Republic of Trkiye has decided to maintain its policy interest rate, or one-week repo rate, at 37%. This decision was announced following the bank's latest monetary policy meeting.

According to Anadolu Agency, the bank has also kept the overnight lending rate and the overnight borrowing rate unchanged at 40% and 35.5%, respectively. The bank noted a decline in the underlying trend of inflation in March, while leading indicators suggested a slight increase in April. Despite geopolitical developments and uncertainties causing elevated and volatile energy prices, the bank remains committed to its monetary policy stance.

The bank highlighted indicators pointing to a slowdown in economic activity and emphasized the importance of monitoring potential second-round effects of recent developments on inflation. It reiterated that the tight monetary policy would continue until price stability is achieved, aiming to strengthen the disinflation process through various channels such as demand, exchange rate, and expectations.

The interest rate has gradually decreased from 45% to 38% over the past year, with the most recent reduction to 37% occurring in January 2026 during the first monetary policy meeting of the year.