Economy

Clear, sourced coverage of the Turkish economy: inflation and TurkStat data, Central Bank (CBRT) rate decisions, the lira, Borsa Istanbul, trade, the budget and growth forecasts.

Central Bank of the Republic of Turkey building
Interior of the Spice Bazaar in Istanbul

Turkey’s central bank meets on October 22 with rates on hold at 37%

After five straight holds, slowing inflation has revived talk of a rate cut at the next policy meeting.

Turkey Daily News

Turkey’s annual inflation eases to 29.73% in September, below expectations

Consumer prices rose 1.84% on the month, with transport and housing costs doing most of the work while food prices…

Turkey Daily News

Türkiye posts $4.05 billion current account surplus in August; Şimşek says gap manageable

Strong tourism receipts produced a monthly surplus, but the rolling 12-month deficit widened to $42.1 billion amid higher energy costs.

Turkey Daily News
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Latest Economy News

Türkiye’s retail sales volume rises 10.1% in August while vehicle sales slump

Overall trade sales grew 0.6% year on year in August, with strong…

Turkey Daily News

Wind power could save Türkiye nearly $4 billion a year in gas imports, industry says

Türkiye's wind capacity of more than 16 GW cuts natural gas imports…

Turkey Daily News

Türkiye’s industrial production falls 1.9% in August as manufacturing weakens

Factory output contracted both annually and monthly in August, with manufacturing down…

Turkey Daily News

Şimşek tells Istanbul forum Türkiye will not give up on disinflation despite war shock

At a central bank-hosted forum, the finance minister said the war stalled…

Turkey Daily News

Borsa Istanbul sheds 5.3 trillion lira in September as fund turmoil drives retail exodus

The BIST 100 fell 12.4% and market capitalization dropped 23.3% in September,…

Turkey Daily News

Türkiye’s September exports climb 15.4% to a record $26 billion

Goods exports hit the highest September level on record, pushing the 12-month…

Turkey Daily News

Türkiye’s jobless rate falls to 7.8% in August as employment rises

Seasonally adjusted unemployment dropped from 8.1% in July, with the number of…

Turkey Daily News

World Bank approves $750 million to modernize Türkiye’s agrifood sector

The TARGET project aims to widen farmers' access to finance and create…

Turkey Daily News

Turkish consumer confidence rises to highest level since 2018

The consumer confidence index climbed to 91.9 in September from 90.8, led…

Turkey Daily News