The aim of this study is to analyze the effects of the unconventional monetary policy framework used by Central Bank of the Republic of Turkey (CBRT) on price and financial stability. In the study, the relationship between variables such as consumer price index (CPI) and exchange rate that representing price and financial stability with the "Unconventional Monetary Policy Tools (Reserve Option Mechanism (ROM), Late Liquidity Rate (GLP), CBRT Borrowing / Lending Rate)", in the period 2013:01- 2020:12 (monthly data), has been examined. With the help of Augmented Dickey Fuller Test (ADF), the time series properties of the datas were investigated, and then the effects of unconventional monetary policy have been investigated with Johansen Co-Integration analysis.