5 Countries with Highest Interest Rates in 2024

4. Turkey

Latest Interest Rate (January 2024): 45%

Turkey ranks fourth among the countries with the highest interest rates in 2024. Turkey has a notoriously high interest rate of 45%, as of January 2024. The Central Bank hinted toward an end to its tightening cycle, with an increase in its benchmark rate by 250 basis points to 45% in January 2024.