FX.co ★ Turkey Holds Overnight Lending Rate at 40% in April, Extending Tight Policy Stance

Turkey’s central bank kept its Overnight Lending Rate unchanged at 40.00% in April 2026, maintaining the same level set in March 2026, according to data updated on 22 April 2026.

The decision to hold the rate steady underscores policymakers’ commitment to a tight monetary policy stance, as the lending benchmark remains at an elevated level for a second consecutive month. By keeping the Overnight Lending Rate at 40.00%, the central bank signals continued focus on stabilizing financial conditions and managing price and currency pressures.

With no change recorded between March and April, markets and investors will likely look to upcoming data releases and policy communications for additional clues on how long Turkey intends to sustain this restrictive rate environment.