Türkiye's central bank holds its policy rate at 37% for a fourth straight meeting and flags a temporary July inflation uptick

The Central Bank of the Republic of Türkiye held its policy rate unchanged at 37 percent on Thursday 23 July 2026. It was the fourth consecutive meeting at which the bank extended its monetary policy pause, and the decision matched market expectations.

The bank's Monetary Policy Committee said the underlying trend of inflation decreased slightly in June and that recent data confirm a weakening in domestic demand. Turkish annual consumer inflation stood at 32.11 percent in June. The bank added that leading indicators point to the underlying inflation trend rising temporarily in July, because energy prices have resumed an upward path amid growing uncertainty over geopolitical developments in West Asia.

The Turkish lira is one of the reference currencies watched by Iranian traders. Sahmino's own price feed recorded the lira at 3,920 tomans by the evening of Sunday 26 July.