Monthly CPI print for June, the headline inflation gauge tracked against the central bank's disinflation path. TÜİK releases CPI around the 3rd of each month at 10:00 Ankara time.
Heads of state and government of NATO members meet at the Beştepe Presidential Complex in Ankara on 7-8 July. The 36th NATO summit and the second hosted by Türkiye; agenda includes defence spending, the Alliance's southern flank and the largest-ever NATO defence-industry forum.
Monthly unemployment and employment data for June. TÜİK publishes Labour Force Statistics on the 15th of each month (or the next working day) at 10:00 Ankara time; 15 July falls in the release window.
Seventh of eight 2026 MPC meetings. Policy-rate decision and statement published at 14:00 Ankara time.
Monthly CPI print for July. Released around the 3rd of the month at 10:00 Ankara time.
Third of the CBRT's four quarterly Inflation Reports for 2026, presented at a Governor's briefing. Updates the bank's inflation forecasts and outlook, closely watched for any revision to the year-end inflation projection.
Monthly unemployment and employment data for July, released in the mid-month window (around the 15th) at 10:00 Ankara time.
Second-quarter gross domestic product print, the headline growth reading. TÜİK publishes quarterly GDP roughly two months after the quarter ends; the Q2 release lands around 1 September.
Monthly CPI print for August. Released around the 3rd of the month at 10:00 Ankara time.
Eighth scheduled 2026 MPC meeting (counting from January). Policy-rate decision and statement published at 14:00 Ankara time.
Monthly CPI print for September; the 3rd falls on a weekend so the release shifts to the first working day. Published at 10:00 Ankara time.
Penultimate 2026 MPC meeting. Policy-rate decision and statement published at 14:00 Ankara time.
Monthly CPI print for October. Released around the 3rd of the month at 10:00 Ankara time.
Final quarterly Inflation Report of 2026, presented at a Governor's briefing. Sets out the bank's updated inflation forecasts heading into 2027.
Monthly unemployment and employment data for October, released in the mid-month window (15th falls on a weekend, shifting to the next working day) at 10:00 Ankara time.
Second of the CBRT's two semi-annual Financial Stability Reports for 2026, assessing risks in the banking system, credit, FX and external balances.
Monthly CPI print for November. Released around the 3rd of the month at 10:00 Ankara time.
Final 2026 MPC meeting. Policy-rate decision and statement published at 14:00 Ankara time; the last rate-setting decision of the year.
Annual monetary-policy framework document for the coming year, which also publishes the full 2027 schedule of MPC meeting and report dates. Sets out the inflation target and policy approach for 2027.
Third-quarter gross domestic product print. TÜİK publishes quarterly GDP roughly 80 days after the quarter ends; the Q3 release lands in late December. (provisional date pending TÜİK release calendar)
Monthly CPI print for December and the full-year 2026 inflation figure; 3 January falls on a weekend so the release shifts to the first working day. Published at 10:00 Ankara time.
First MPC meeting of 2027, expected in the fourth week of January in line with the CBRT's usual cadence. (provisional date; the official 2027 schedule is published with the December 2026 monetary-policy text)
Monthly CPI print for January 2027. Released around the 3rd of the month at 10:00 Ankara time. (provisional; based on TÜİK's standard ~3rd-of-month cadence)
First quarterly Inflation Report of 2027, presented at a Governor's briefing with updated inflation forecasts. (provisional date; the 2026-I report was published on 12 February 2026 and the exact 2027 date is confirmed with the December 2026 schedule)
AKP signals a possible referendum on a new constitution, linked to the renewed Kurdish peace process and a potential reset of presidential term limits. Targeted for autumn 2026 or, more likely, spring 2027. (provisional; no official date called, exact date is speculative)
Background: The Strait of Hormuz standoff, triggered by US-Israeli attacks on Iran, stranded 20,000 seafarers and saw ship transits plummet. On June 26, 2026, 15 Turkish-owned ships with 99 personnel safely departed the region after over 100 days of closure, as confirmed by the Turkish transport minister. Three other Turkish vessels chose to remain for commercial activities.
Background: The Strait of Hormuz standoff, triggered by US-Israeli attacks on Iran, stranded 20,000 seafarers and saw ship transits plummet. On June 26, 2026, 15 Turkish-owned ships with 99 personnel safely departed the region after over 100 days of closure, as confirmed by the Turkish transport minister. Three other Turkish vessels chose to remain for commercial activities.
Background: The 2026 NATO Summit in Ankara was previously confirmed for July 7-8, with Turkey positioning itself as a mediator and key ally. A new analysis published on June 18, 2026, argues that Turkey's foreign policy has shifted from ideological alignment to transactional bargaining, particularly with the US under President Trump. Key issues include CAATSA sanctions, the F-35 program, engines for the KAAN fighter jet, and regional security in the Black Sea and Syria. Turkey aims to use its host status to demonstrate its indispensability to NATO, advance defense industry interests, and engage in side diplomacy with European leaders, pursuing concrete gains rather than a return to a classic Western orientation. The analysis notes that Turkey's approach is now characterized by less identity and belonging, and more transaction and gain.
Background: The 2026 NATO Summit in Ankara was previously confirmed for July 7-8, with Turkey positioning itself as a mediator and key ally. A new analysis published on June 18, 2026, argues that Turkey's foreign policy has shifted from ideological alignment to transactional bargaining, particularly with the US under President Trump. Key issues include CAATSA sanctions, the F-35 program, engines for the KAAN fighter jet, and regional security in the Black Sea and Syria. Turkey aims to use its host status to demonstrate its indispensability to NATO, advance defense industry interests, and engage in side diplomacy with European leaders, pursuing concrete gains rather than a return to a classic Western orientation. The analysis notes that Turkey's approach is now characterized by less identity and belonging, and more transaction and gain.
President Recep Tayyip Erdoğan announced a new target to boost Turkey's exports to distant markets to $50 billion by 2028, and raised the annual limit for rediscount loans from TL4.5 billion to TL5 billion, adding TL500 million in funding to support exporters. The announcement was made at the Turkish Exporters Assembly meeting in Istanbul, where Erdoğan highlighted exports as a key driver of Turkey's 23 consecutive quarters of uninterrupted economic growth.
President Recep Tayyip Erdoğan announced a new target to boost Turkey's exports to distant markets to $50 billion by 2028, and raised the annual limit for rediscount loans from TL4.5 billion to TL5 billion, adding TL500 million in funding to support exporters. The announcement was made at the Turkish Exporters Assembly meeting in Istanbul, where Erdoğan highlighted exports as a key driver of Turkey's 23 consecutive quarters of uninterrupted economic growth.
Background: A senior Hamas delegation led by Khalil al-Hayya arrived in Cairo for negotiations on completing the first phase of the Gaza ceasefire agreement and establishing mechanisms for the second phase. New development: Hamas spokesman Hazem Qassem stated the group is consulting with mediators Turkey, Egypt, and Qatar to secure full implementation of the ceasefire, including completing the first phase and moving to the second phase covering Gaza governance and deployment of international forces. A Hamas delegation is expected to visit Cairo in the coming days to deliver its response to newly proposed approaches presented by Board of Peace envoy Nikolay Mladenov. Qassem accused Israel of major ceasefire violations, including restrictions on humanitarian aid and continued killings, with over 1,000 Palestinians killed since the ceasefire took effect. He called on mediators to pressure Israel and urged the entry of the National Committee for the Administration of Gaza to begin relief and reconstruction.
Background: A senior Hamas delegation led by Khalil al-Hayya arrived in Cairo for negotiations on completing the first phase of the Gaza ceasefire agreement and establishing mechanisms for the second phase. New development: Hamas spokesman Hazem Qassem stated the group is consulting with mediators Turkey, Egypt, and Qatar to secure full implementation of the ceasefire, including completing the first phase and moving to the second phase covering Gaza governance and deployment of international forces. A Hamas delegation is expected to visit Cairo in the coming days to deliver its response to newly proposed approaches presented by Board of Peace envoy Nikolay Mladenov. Qassem accused Israel of major ceasefire violations, including restrictions on humanitarian aid and continued killings, with over 1,000 Palestinians killed since the ceasefire took effect. He called on mediators to pressure Israel and urged the entry of the National Committee for the Administration of Gaza to begin relief and reconstruction.
Background: The 2026 NATO Summit in Ankara was previously confirmed for July 7-8, with Turkey positioning itself as a mediator and key ally amid transatlantic tensions. Today's development: A factbox published ahead of the summit outlines Türkiye's evolving role in NATO since joining in 1952, highlighting its second-largest military, control of Black Sea access under the Montreux Convention, contributions to missions from the Balkans to Afghanistan, defense spending at 2.3% of GDP, and hosting of Allied Land Command in Izmir. The summit will address security challenges from Ukraine to the Middle East.
Background: The 2026 NATO Summit in Ankara was previously confirmed for July 7-8, with Turkey positioning itself as a mediator and key ally amid transatlantic tensions. Today's development: A factbox published ahead of the summit outlines Türkiye's evolving role in NATO since joining in 1952, highlighting its second-largest military, control of Black Sea access under the Montreux Convention, contributions to missions from the Balkans to Afghanistan, defense spending at 2.3% of GDP, and hosting of Allied Land Command in Izmir. The summit will address security challenges from Ukraine to the Middle East.
The Turkish Statistical Institute (TurkStat) announced that sales from industrial goods manufactured in Türkiye reached 24.03 trillion Turkish liras ($608.3 billion) in 2025, a 27.7% year-on-year increase. Food products led sales at 15.5%, followed by basic metals at 10.2% and motor vehicles at 9.7%. High-tech products comprised 3.6% of manufacturing sales. Intermediate goods accounted for 43.8% of total sales, non-durable consumer goods 23.7%, and capital goods 21.8%. Key production volumes included 1.216 million automobiles, 8.329 million household refrigerators, and 334 million tons of ready-mixed concrete. The data highlights robust industrial output and domestic demand.
The Turkish Statistical Institute (TurkStat) announced that sales from industrial goods manufactured in Türkiye reached 24.03 trillion Turkish liras ($608.3 billion) in 2025, a 27.7% year-on-year increase. Food products led sales at 15.5%, followed by basic metals at 10.2% and motor vehicles at 9.7%. High-tech products comprised 3.6% of manufacturing sales. Intermediate goods accounted for 43.8% of total sales, non-durable consumer goods 23.7%, and capital goods 21.8%. Key production volumes included 1.216 million automobiles, 8.329 million household refrigerators, and 334 million tons of ready-mixed concrete. The data highlights robust industrial output and domestic demand.
The UNODC World Drug Report 2026 reveals 331 million drug users globally in 2024, a 34% increase from 2014, with synthetic drugs and new trafficking routes driving the crisis. Türkiye has responded with over 17,000 operations in early 2026, seizing 16.8 tons of narcotics, 51.2 million drug pills, and 49,000 cannabis and skunk plants, while targeting a transnational trafficking network using encrypted communications. The Turkish Green Crescent (Yeşilay) is expanding prevention and rehabilitation programs, with President Mehmet Dinç warning of rising synthetic drug threats and normalization among youth. Dr. Rabia Bilici criticized media portrayals of drug use as undermining recovery. This matters as it highlights the escalating global drug challenge and Türkiye's multifaceted response combining enforcement, prevention, and treatment.
The UNODC World Drug Report 2026 reveals 331 million drug users globally in 2024, a 34% increase from 2014, with synthetic drugs and new trafficking routes driving the crisis. Türkiye has responded with over 17,000 operations in early 2026, seizing 16.8 tons of narcotics, 51.2 million drug pills, and 49,000 cannabis and skunk plants, while targeting a transnational trafficking network using encrypted communications. The Turkish Green Crescent (Yeşilay) is expanding prevention and rehabilitation programs, with President Mehmet Dinç warning of rising synthetic drug threats and normalization among youth. Dr. Rabia Bilici criticized media portrayals of drug use as undermining recovery. This matters as it highlights the escalating global drug challenge and Türkiye's multifaceted response combining enforcement, prevention, and treatment.
Background: Sudan's political adviser Amgad Fareid Eltayeb previously called on Turkey to expose war realities and designate the RSF as a terrorist group. Today, Türkiye's Ambassador to Khartoum Fatih Yildiz urged the international community to take concrete steps against external actors supporting the RSF, following attacks in El Obeid. He stressed that statements alone are insufficient and that Türkiye supports the Sudanese government's roadmap for RSF withdrawal. Yildiz also encouraged Turkish investors to resume operations in Sudan as reconstruction begins, noting that a Turkish cement and gypsum board factory in southern Khartoum has restarted operations.
Background: Sudan's political adviser Amgad Fareid Eltayeb previously called on Turkey to expose war realities and designate the RSF as a terrorist group. Today, Türkiye's Ambassador to Khartoum Fatih Yildiz urged the international community to take concrete steps against external actors supporting the RSF, following attacks in El Obeid. He stressed that statements alone are insufficient and that Türkiye supports the Sudanese government's roadmap for RSF withdrawal. Yildiz also encouraged Turkish investors to resume operations in Sudan as reconstruction begins, noting that a Turkish cement and gypsum board factory in southern Khartoum has restarted operations.