Real interest rate | Turkey – yearly data, chart and table

The Real interest year-end rate of Turkey in 2024 was 47.50%. The end-2023 rate was  41.00%. It has been growing in this country for already 2 years in a row. The lowest real interest rate in Turkey was recorded in 2010, with a value of  1.63%. The highest rate was in 2000, when it achieved 183.20%. Real Interest Rate ≈ Nominal Interest Rate - Inflation Rate. If the nominal interest rate on a loan is 9%, and inflation is 6%, the real interest rate is 3%. This means the lender effectively gains 3% in purchasing power, while the borrower pays 3% in real terms.