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

Turkey kept its Overnight Borrowing Rate unchanged at 35.50% in July 2026, maintaining the same level recorded in June 2026. The decision indicates a pause in policy shifts during the period, as borrowing costs remained steady for a second consecutive month.

According to the latest data update on 23 July 2026, the central bank did not alter its key overnight borrowing benchmark, signaling continuity in its short-term interest rate stance through July. With the rate holding at 35.50%, markets will be watching upcoming months for any indication of a change in direction.