This statistic presents the development of the annual short-term interest rate for Turkey between 2009 and 2016, with further projections for 2017 and 2018. Turkey's short-term interest rate was at a low of 6.93 percent in 2013 and it peaked just two year later in 2015 at 10.95 percent. Nevertheless, the projections for 2017 and 2018 estimate that the short-term interest rate would be between eight and nine percent.
Turkey: Development of short-term annual interest rate from 2009 to 2018*
* Estimates for 2017 and 2018.
The source adds further information: "Short-term interest rates are the rates at which short-term borrowings are effected between financial institutions or the rate at which short-term government paper is issued or traded in the market."
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OECD. (November 28, 2016). Turkey: Development of short-term annual interest rate from 2009 to 2018* [Graph]. In Statista. Retrieved March 28, 2020, from https://www.statista.com/statistics/418828/annual-short-term-interest-rate-in-turkey/
OECD. "Turkey: Development of short-term annual interest rate from 2009 to 2018*." Chart. November 28, 2016. Statista. Accessed March 28, 2020. https://www.statista.com/statistics/418828/annual-short-term-interest-rate-in-turkey/
OECD. (2016). Turkey: Development of short-term annual interest rate from 2009 to 2018*. Statista. Statista Inc.. Accessed: March 28, 2020. https://www.statista.com/statistics/418828/annual-short-term-interest-rate-in-turkey/
OECD. "Turkey: Development of Short-term Annual Interest Rate from 2009 to 2018*." Statista, Statista Inc., 28 Nov 2016, https://www.statista.com/statistics/418828/annual-short-term-interest-rate-in-turkey/
OECD, Turkey: Development of short-term annual interest rate from 2009 to 2018* Statista, https://www.statista.com/statistics/418828/annual-short-term-interest-rate-in-turkey/ (last visited March 28, 2020)
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