In India’s Operation Sindoor, there was a country with Pakistan, which India always was ahead to help. Yes, the name of that country is Turkas. But do you know how much interest does the Turki Central Bank collect interest from common people as interest on loans? This discussion is necessary in the present time because the Central Bank of India has indicated to cut interest rates for the fourth consecutive time in the month of August. This means that in the month of August, common people can get more relief from loan EMI.
It is possible that interest rates should be reduced by 0.50 percent. The special thing is that the Turkas charge more than 8 times the interest of India’s Central Bank. By the way, there are also Central Banks of Mexico, Russia, Brazil, and South Africa in this list. Whose policy rate is much higher than India. Let us also tell you that along with the Turkas, which countries are getting more policy rates than India.
How much interest charges Turki Central Bank
However, in the month of June, the MPC of Turkish Central Bank did not make any changes in the interest rates. After which the interest rates in the Turks were reduced to 46 percent. Whereas in the month of April, Turkish Central Bank had increased interest rates by 3.50 percent. The policy interest rates of Turkas are being seen much higher than the rest of the world. Even his friends are much higher than Pakistan. Currently, the policy is being seen 11 percent in Pakistan. On 16 June, Pakistan had given its policy rate. Now you can understand how much interest is charging the Turkas who help Pakistan against India.
Interest Rate
🇹🇷 Turkey: 46% 🇦🇷 argentina: 29% 🇷🇺 russia: 20% 🇧🇷 brazil: 15% 🇲🇽 mexico: 8% 🇿🇦 South Africa: 7.25% 🇮🇳 India: 5.5% 🇮🇩 Indonesia: 5.25% 🇮🇩 Saudi Arabia: 5% 🇺🇸 4% 🇬🇧 4.5% 🇬🇧 4.5% 🇬🇧 4.5% 🇬🇧 United Kingdom: 4.25% 🇦🇺 Australia: 3.85% 🇨🇳 China: 3% 🇨🇦 Canada: 2.75% 🇰🇷 South
– World of Statistics (@Stats_feed) July 21, 2025
Interest is more than India in these countries
Turkas do not have a higher policy rate than India only. Rather there are many other countries which are charging more interest from India. Argentina’s name is also included in the list. Where the polic rate of the Central Bank is 29 percent. One of the oldest friends in India is getting 20 percent of the policy rate in Russia. In Brazil, one of BRICS founder members, interest rates are also being seen very high, which is 15 percent. While the interest rates in Mexico and South Africa are less than 10 percent, but India has more than India. Where the policy rates in Mexics are 8 percent, then in South Africa, this figure is getting 7.25 percent.
Interest rates in these countries are less than India
At the same time, there are many countries where the policy rate is low in India. The interest rates in Indonesia and Saudi Arabia may be more than 5 percent, but less than India. Indonesia has 5.25 per cent policy rates in Saudi Arabia. Whereas in the US, India’s policy rates are one percent higher. Currently, there has been no change in interest rates from the Fed for a long time. Even after that, the policy rate is getting 4.5 percent. In the UK, 4.25 per cent, 3.85 per cent in Australia, 2.75 per cent in China, 2.5 per cent in South Korea 2.5 per cent in Eurozone 2.15 per cent, 1.3 per cent in Singapore, 0.5 per cent in Japan and 0.5 per cent in Switzerland.
The cut has been done 3 times in a row
The special thing is that India’s interest rates have been seen for three consecutive times. Ever since Sanjay Malhotra is sitting on the post of RBI Governor, the interest rates have been seen by 1 percent. In February and April, there has been a reduction of 0.25 per cent in interest rates and 0.50 per cent in the month of June. Recently, the RBI Governor, while speaking at the program of a media house, indicated that the way inflation figures have decreased, it could see the cut in interest rates in the next month’s policy meeting. According to experts, in the month of August, there can be a reduction of 0.50 percent in the policy rate. At present, the policy rate in India is being seen in 5.5 percent. It is estimated to come at 5 percent in August and 4.50 percent in the end of the year i.e. December.