TCMB announced the 2026 Monetary Policy and Meeting Calendar.

Monetary Policy Strategy for 2026

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

The Importance of Price Stability

In the monetary policy document of the CBRT, it was emphasized that price stability is a fundamental prerequisite for sustainable growth and increasing societal welfare. It was stated that the main factor contributing to the societal welfare of 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 with the government, the uncertainty range is defined as 2 percentage points in both directions. If year-end realizations fall outside the uncertainty range, it was noted that the CBRT will send an Open Letter to the Government.

Meetings and Reports

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

Liquidity Management and Interest Rate Regulations

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

Strengthening International Reserves

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.