FX.co ★ Turkey Holds One-Week Repo Rate at 37% in April, Extending Tight Policy Stance

Turkey kept its benchmark one-week repo rate unchanged at 37.00% in April 2026, maintaining the same level set in March 2026. The decision underscores policymakers’ commitment to a tight monetary stance, as the central bank continues to prioritize price stability amid ongoing inflation concerns.

By holding the key rate steady for a second consecutive month, Turkish authorities signal a wait-and-see approach, likely monitoring the impact of earlier aggressive tightening on domestic demand, credit conditions and inflation dynamics. The unchanged rate suggests a desire to consolidate recent policy moves rather than introduce new shocks to borrowing costs.

The latest data, updated as of 22 April 2026, confirms that Turkey’s high interest-rate environment remains in place, a factor closely watched by investors assessing the country’s monetary trajectory, currency outlook and broader macroeconomic stability.