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Central Bank of the Republic of Türkiye: decision of 12 March 2026
The CBRT Monetary Policy Committee kept the one-week repo rate at 37%.
Decision
hold
- Rate
- 37.00%=37.00%
- Change
- 0 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
- 12 Mar 2026
- Data
- JSON
What the bank said
The Committee said the underlying trend of inflation was essentially flat in February.
It said heightened geopolitical uncertainty had weakened global risk appetite and raised energy prices, and that decisions supporting tight monetary policy had been taken alongside coordinated fiscal measures to contain the risks.
The Committee said it was closely monitoring how geopolitical developments affect the inflation outlook through costs and economic activity.
Guidance. The Committee said decisions would be made prudently meeting by meeting and that it would tighten in case of a significant and persistent deterioration in the inflation outlook, including one driven by recent developments.
“The effects of geopolitical developments on the inflation outlook through the cost channel and economic activity are being closely monitored.”
Before and after
- Previous decision: 22 Jan 2026, cut the one-week repo auction rate (policy rate) by 100 bp to 37.00%.
- Next decision: 22 Apr 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