Event date: 2026-09-10 — Independent JUANA commentary: historical data are not return promises.
Reported event, source and date
On 10 September 2026, TCMB kept its one-week repo policy rate at 37%, overnight lending at 40% and overnight borrowing at 35.5%. These are central-bank rates, not the mortgage quote or developer loan rate offered to a client. The release highlighted inflation and elevated energy-price risks.
Investment implications
Stress-test the bank’s actual fixed or floating loan offer, amortization schedule and debt-service coverage; do not substitute the 37% policy rate for a mortgage APR. Affordability, inflation and construction costs may respond differently over time.
What to verify
Use project-specific lender term sheets, not a central-bank headline, in the financing schedule.
Official source
Central Bank of the Republic of Türkiye (TCMB)
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