FX.co ★ Turkey Holds Overnight Lending Rate Steady at 40% in July

Turkey kept its Overnight Lending Rate unchanged at 40.00% in July 2026, according to data updated on 23 July 2026. The decision follows a similar reading in June 2026, when the rate also stood at 40.00%, indicating a continuation of the central bank’s tight monetary stance.

By holding the key short-term rate stable for a second consecutive month, policymakers appear focused on maintaining restrictive financial conditions. The unchanged Overnight Lending Rate suggests that, at least for now, Turkey is prioritizing price stability and financial discipline over additional monetary easing.