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

Turkey kept its overnight borrowing rate unchanged at 35.50% in April 2026, maintaining the same level recorded in March 2026. The decision signals a continuation of the current monetary policy stance as authorities navigate inflation and financial stability considerations.

The unchanged rate suggests policymakers see no immediate need for further tightening or easing in the short term. By holding the overnight borrowing rate steady, Turkey’s central bank preserves existing financial conditions for banks and money markets.

According to the latest update on 22 April 2026, the overnight borrowing rate remains anchored at 35.50%, indicating a pause in rate movements at least through April’s decision window.