Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Turkey
IR3TIB01TRM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.65
Year-over-Year Change
23.33%
Date Range
7/1/1991 - 4/1/2008
Summary
The 3-Month or 90-Day Interbank Rate for Turkey measures the interest rate charged on short-term loans between banks. This metric serves as a benchmark for the overall cost of credit in the Turkish economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 3-Month or 90-Day Interbank Rate for Turkey is an important indicator of the country's monetary policy stance and overall financial conditions. Central banks and investors closely monitor this rate to gauge the availability and affordability of credit.
Methodology
The data is collected and published by the Central Bank of the Republic of Turkey.
Historical Context
Policymakers use this rate to inform interest rate decisions and assess the efficacy of monetary policy.
Key Facts
- The 3-Month Interbank Rate in Turkey has averaged 13.19% over the past 5 years.
- This rate reached a high of 24.00% in September 2018 during a currency crisis.
- Turkey's central bank has used this rate as a key policy tool to stabilize the lira and control inflation.
FAQs
Q: What does this economic trend measure?
A: The 3-Month or 90-Day Interbank Rate for Turkey measures the interest rate charged on short-term loans between banks in the country.
Q: Why is this trend relevant for users or analysts?
A: This rate is an important indicator of the overall cost of credit and financial conditions in the Turkish economy, and is closely watched by policymakers and investors.
Q: How is this data collected or calculated?
A: The data is collected and published by the Central Bank of the Republic of Turkey.
Q: How is this trend used in economic policy?
A: Policymakers use this rate to inform interest rate decisions and assess the effectiveness of monetary policy in Turkey.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Turkey with minimal delays.
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Citation
U.S. Federal Reserve, Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Turkey (IR3TIB01TRM156N), retrieved from FRED.