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TCMB

Türkiye Cumhuriyet Merkez Bankası

TCMBTürkiye·TRY

One-week repo

39.50%

as of 2026-01-22

Next meeting

Jun 18

T-22d

The Central Bank of the Republic of Türkiye (TCMB) conducts monetary policy for Türkiye, with a primary objective of price stability. The Monetary Policy Committee meets monthly on a pre-announced schedule to set the one-week repo rate, which is the policy rate.

Meeting Schedule (2026)

Jan 22Feb 26Mar 19Apr 16May 21Jun 18Jul 23Aug 20Sep 17Oct 22Nov 19Dec 17

Policy decisions are announced on the dates above. Source: official central bank schedules.

Primary Currency
TRY
Cross-firm view, consensus targets, and live rate

One-week repo

39.50%

As of 2026-01-22

TRY 2026 consensus

50.50

median of 18 banks

Next macro event

GDP Growth Rate YoY (Q1)

Jun 1

Upcoming Macro Calendar — Türkiye

Next 8 high+medium impact events (next 30d)

DateEventCountryImpactConsensusPrevious
Mon, Jun 1GDP Growth Rate YoY (Q1)TRMed2.7%3.4%
Mon, Jun 1Gross Domestic Product YoY (Q1)TRMed3.4%
Mon, Jun 1GDP Growth Rate QoQ (Q1)TRMed0.9%0.4%
Thu, Jun 4Unemployment Rate (Apr)TRMed8.2%8.1%
Fri, Jun 5CPI MoM (May)TRMed4.18%
Fri, Jun 5Inflation Rate MoM (May)TRMed2.7%4.18%
Fri, Jun 5Inflation Rate YoY (May)TRMed33.8%32.37%
Wed, Jun 10Industrial Production YoY (Apr)TRMed-1.1%

Bank Consensus on TRY

Aggregated 2026 year-end target across 18 sell-side firms

Median vs spot: +31.2%

Median
50.50
Spread
12.80
Top Bull
ING56.30
Top Bear
UBS43.50

Firm Coverage

Reports referencing TCMB across covered research desks

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FX BANK FORECAST · COVERAGE

Institutional FX coverage in your inbox

Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.