The Central Bank has set the default interest rate at 17.25 percent

The Central Bank (CB) has set the default interest rate to be applied for late payments in the supply of goods and services at 17.25 percent and the minimum amount of expenses that can be requested for the collection of receivables at TL 555.

Default interest is applied to late payments on the supply of goods and services. The default interest rate in question was 18.25 percent last year, and the minimum amount of expenses was applied at the level of TL 385.