While the deposit rates offered by banks were updated with the latest interest rate decision of the Central Bank of the Republic of Turkey, the monthly return of 1 million TL was also recalculated. Following the developments in the markets, banks offering the highest interest rates and their current earnings table have been on the agenda of investors.
Deposit interest continues to be an important research topic for investors who invest their money in banks. Especially in times of geopolitical tension, those who want to make the most of their deposits are curious about bank interest rates.
WHAT IS THE LATEST SITUATION IN BANKS?
Deposit interest rates, which were 47 percent last year, dropped to 35 percent this year in some banks. According to the latest data, deposit interest rates in public banks range between 25 percent and 27 percent in public banks and between 42 percent and 46 percent in private banks.
CENTRAL BANK DECISION HAS BEEN ANNOUNCED
The Monetary Policy Committee (PPK) of the Central Bank of the Republic of Turkey announced its interest rate decision today at 14:00. At its March meeting, the Central Bank left the policy rate, the one-week repo auction rate, at 37 percent. The decision did not change in April. In the MPC text regarding the CBRT’s interest rate decision, it was noted that in case of developments other than those foreseen in the credit and deposit markets, the monetary transmission mechanism will be supported with macroprudential steps.
