TCMB announced the monetary policy and meeting schedule for 2026.

Monetary Policy Strategy for 2026

Central Bank of the Republic of Turkey (CBRT) has announced that it will hold a total of 8 meetings in 2026 within the framework of the Monetary Policy Committee (MPC). These meetings will form an important part of the annual monetary policy roadmap.

The Importance of Price Stability

In the monetary policy text of the CBRT, it was emphasized that price stability is a fundamental prerequisite for sustainable growth and increasing social welfare. It was stated that the main element contributing to social welfare by central banks is price stability.

Inflation Target Set at 5%

The inflation target for 2026 has been maintained at 5%. Within the framework of this target set by the government, the uncertainty range has been determined to be 2 percentage points in both directions. If the year-end realizations fall outside the uncertainty range, it was noted that the CBRT would write an Open Letter to the Government.

Meetings and Reports

In 2026, the MPC will hold a total of 8 meetings and publish 4 Inflation Reports throughout the year. Monetary policy decisions will be made considering inflation developments and economic indicators.

Liquidity Management and Interest Rate Adjustments

The CBRT will use the one-week repo auction interest rate as its main policy tool. It is anticipated that the policy interest rate will be raised to 42.5%. Additionally, credit growth limits and regulations will be reviewed throughout the year.

Strengthening International Reserves

The CBRT will continue its efforts to strengthen national reserves. As of 2025, gross reserves reached 190.8 billion dollars. The strategy of accumulating international reserves will continue in 2026 as long as market conditions permit.