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

Turkey kept its Overnight Lending Rate unchanged at 40.00% in June 2026, maintaining the same level last recorded in April 2026. The decision signals a continuation of the central bank’s tight monetary policy, as authorities appear focused on sustaining restrictive financial conditions.

With the rate frozen at 40.00%, markets are likely to interpret the move as a sign that policymakers remain cautious about inflation risks and currency stability, opting not to ease borrowing costs despite earlier speculation about the timing of potential cuts. The unchanged setting underscores a priority on anchoring expectations and consolidating previous tightening steps.

The updated data, released on 11 June 2026, confirms that Turkey’s benchmark overnight lending rate has now been held steady for at least two consecutive policy periods, reinforcing a “wait-and-see” approach as economic indicators continue to evolve.