FX.co ★ Turkey Holds Overnight Borrowing Rate Steady at 35.50% in March

Turkey kept its overnight borrowing rate unchanged at 35.50% in March 2026, maintaining the same level last set in January 2026. According to data updated on 12 March 2026, the indicator neither increased nor decreased over the period, signaling a continuation of the country’s prevailing monetary policy stance.

The decision to hold the rate steady suggests Turkish authorities are opting for stability in short-term funding costs, with the overnight borrowing rate remaining a key benchmark for liquidity conditions in the financial system. Market participants and observers will now watch upcoming data releases and policy communications for clues on whether this pause will be prolonged or eventually give way to adjustments later in the year.