Banks › Central Bank of the Republic of Türkiye › History › 22 Jan 2026
Central Bank of the Republic of Türkiye: decision of 22 January 2026
The Central Bank of the Republic of Türkiye's Monetary Policy Committee cut the one-week repo rate by 100 basis points to 37%.
Decision
cut
- Rate
- 38.00%↓37.00%
- Change
- −100 bp
- Announced
Sources
- Statement
- tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Ma…
- MPC meeting summary
- tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Ma…
- Recorded
- 22 Jan 2026
- Data
- JSON
What the bank said
The Committee said the underlying trend of inflation declined in December, and that while leading indicators pointed to firmer monthly inflation in January led by food, the rise in the underlying trend was limited.
It said demand conditions continued to support disinflation, albeit at a moderating pace.
The Committee said inflation expectations and pricing behaviour, though improving, still posed risks to disinflation.
Guidance. The Committee said it would keep a tight stance until price stability is achieved, review the step size meeting by meeting, and tighten if the inflation outlook deviates significantly from the interim targets.
“The step size is reviewed prudently on a meeting-by-meeting basis with a focus on the inflation outlook.”
Before and after
- Previous decision: 11 Dec 2025, cut the one-week repo auction rate (policy rate) by 150 bp to 38.00%.
- Next decision: 12 Mar 2026, held the one-week repo auction rate (policy rate) at 37.00%.
- All Central Bank of the Republic of Türkiye decisions and the rate history