Monthly CPI print for July. Released around the 3rd of the month at 10:00 Ankara time.
Upcoming
31 key official events aheadThird 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 decision of 2027, now listed in the CBRT's official meetings and reports calendar.
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)
Official CBRT 2027 meetings and reports calendar.
Official CBRT 2027 meetings and reports calendar.
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)
Official CBRT 2027 meetings and reports calendar.
Official CBRT 2027 meetings and reports calendar.
Official CBRT 2027 meetings and reports calendar.
Official CBRT 2027 meetings and reports calendar.
Official CBRT 2027 meetings and reports calendar.
The Assembly's standard timetable begins the summer recess on 1 July, subject to a TBMM decision to continue sitting. (provisional; the Assembly can alter the recess timetable)
Recent events
tr45Turkey's parliament speaker says terror-free bill to open 'new era'
Background: The Turkey-PKK peace process, initiated after Öcalan's February 2025 call to disarm, has progressed through stages including the PKK's dissolution decision and weapons-burning ceremony, with legal steps contingent on verified disarmament. Today: Parliament Speaker Numan Kurtulmuş announced that the proposed 'terror-free Türkiye' legislation will open a 'new era of brotherhood' but is not a general amnesty. The bill applies to PKK members who lay down arms and have no criminal involvement, excluding senior leaders and those responsible for violent crimes. Implementation requires verification of disarmament, with a commission overseeing the process and six-monthly reports to Parliament. The bill was expected to be voted on July 31 but was delayed, with expectations now for passage by August 7, indicating no consensus has yet been reached between AK Party and DEM Party on a joint text. The legislation is seen as the start of a major political realignment, with recent events including the detention of CHP mayors, the founding of a new party by CHP dissidents, and media arrests viewed as precursor shocks.
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Turkey's parliament speaker says terror-free bill to open 'new era'
Background: The Turkey-PKK peace process, initiated after Öcalan's February 2025 call to disarm, has progressed through stages including the PKK's dissolution decision and weapons-burning ceremony, with legal steps contingent on verified disarmament. Today: Parliament Speaker Numan Kurtulmuş announced that the proposed 'terror-free Türkiye' legislation will open a 'new era of brotherhood' but is not a general amnesty. The bill applies to PKK members who lay down arms and have no criminal involvement, excluding senior leaders and those responsible for violent crimes. Implementation requires verification of disarmament, with a commission overseeing the process and six-monthly reports to Parliament. The bill was expected to be voted on July 31 but was delayed, with expectations now for passage by August 7, indicating no consensus has yet been reached between AK Party and DEM Party on a joint text. The legislation is seen as the start of a major political realignment, with recent events including the detention of CHP mayors, the founding of a new party by CHP dissidents, and media arrests viewed as precursor shocks.
Background: The Turkey-PKK peace process, initiated after Öcalan's February 2025 call to disarm, has progressed through stages including the PKK's dissolution decision and weapons-burning ceremony, with legal steps contingent on verified disarmament. Today: Parliament Speaker Numan Kurtulmuş announced that the proposed 'terror-free Türkiye' legislation will open a 'new era of brotherhood' but is not a general amnesty. The bill applies to PKK members who lay down arms and have no criminal involvement, excluding senior leaders and those responsible for violent crimes. Implementation requires verification of disarmament, with a commission overseeing the process and six-monthly reports to Parliament. The bill was expected to be voted on July 31 but was delayed, with expectations now for passage by August 7, indicating no consensus has yet been reached between AK Party and DEM Party on a joint text. The legislation is seen as the start of a major political realignment, with recent events including the detention of CHP mayors, the founding of a new party by CHP dissidents, and media arrests viewed as precursor shocks.
tr43Rare progress in Cairo talks on Gaza ceasefire implementation as Israeli strikes continue
On July 30, 2026, mediators and Hamas officials in Cairo made rare progress toward fully implementing a U.S.-brokered plan to end the Gaza war. Discussions were described as positive, with progress on a roadmap for decommissioning weapons, transferring authority to a Palestinian administration, and deploying an international force. However, key sticking points remain, including Hamas's disarmament and Israel's withdrawal. Israeli strikes continued, killing at least six Palestinians on Thursday, adding to a toll of over 1,200 since the ceasefire.
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Rare progress in Cairo talks on Gaza ceasefire implementation as Israeli strikes continue
On July 30, 2026, mediators and Hamas officials in Cairo made rare progress toward fully implementing a U.S.-brokered plan to end the Gaza war. Discussions were described as positive, with progress on a roadmap for decommissioning weapons, transferring authority to a Palestinian administration, and deploying an international force. However, key sticking points remain, including Hamas's disarmament and Israel's withdrawal. Israeli strikes continued, killing at least six Palestinians on Thursday, adding to a toll of over 1,200 since the ceasefire.
On July 30, 2026, mediators and Hamas officials in Cairo made rare progress toward fully implementing a U.S.-brokered plan to end the Gaza war. Discussions were described as positive, with progress on a roadmap for decommissioning weapons, transferring authority to a Palestinian administration, and deploying an international force. However, key sticking points remain, including Hamas's disarmament and Israel's withdrawal. Israeli strikes continued, killing at least six Palestinians on Thursday, adding to a toll of over 1,200 since the ceasefire.
tr40Wildfires force mass evacuations across Turkey's western and southern coasts
Wildfires across Turkey's western and southern coasts have forced mass evacuations and highway closures amid extreme heat and drought. The most serious blaze in Seydikemer led to 408 homes evacuated and 703 people moved to safety, with 55 buildings damaged. Fires also threatened areas in Antalya, Muğla, and Balıkesir, with over 25 aircraft, 410 ground vehicles, and 1,100 personnel deployed to combat the blazes. The fires highlight Turkey's seasonal vulnerability to wildfires, driven by prolonged drought, temperatures exceeding 40C, and strong seasonal winds.
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Wildfires force mass evacuations across Turkey's western and southern coasts
Wildfires across Turkey's western and southern coasts have forced mass evacuations and highway closures amid extreme heat and drought. The most serious blaze in Seydikemer led to 408 homes evacuated and 703 people moved to safety, with 55 buildings damaged. Fires also threatened areas in Antalya, Muğla, and Balıkesir, with over 25 aircraft, 410 ground vehicles, and 1,100 personnel deployed to combat the blazes. The fires highlight Turkey's seasonal vulnerability to wildfires, driven by prolonged drought, temperatures exceeding 40C, and strong seasonal winds.
Wildfires across Turkey's western and southern coasts have forced mass evacuations and highway closures amid extreme heat and drought. The most serious blaze in Seydikemer led to 408 homes evacuated and 703 people moved to safety, with 55 buildings damaged. Fires also threatened areas in Antalya, Muğla, and Balıkesir, with over 25 aircraft, 410 ground vehicles, and 1,100 personnel deployed to combat the blazes. The fires highlight Turkey's seasonal vulnerability to wildfires, driven by prolonged drought, temperatures exceeding 40C, and strong seasonal winds.
tr39Turkey's FM meets newly elected Hamas leader Khalil al-Hayya in Ankara
Turkish Foreign Minister Hakan Fidan met with Khalil al-Hayya, the newly elected head of Hamas's political bureau, and a Hamas delegation in Ankara. Al-Hayya briefed Fidan on Israeli attacks in Gaza and the West Bank, including settlement expansion and attacks on holy sites in East Jerusalem. Fidan reaffirmed Turkey's support for the Palestinian cause, pledged increased humanitarian aid to Gaza, and praised Hamas's role in peace negotiations. Al-Hayya reiterated Hamas's commitment to a constructive role in negotiations and efforts for Palestinian factional reconciliation. This meeting follows Fidan's earlier condolences visit to al-Hayya in Doha after his son was killed in an Israeli attack, underscoring Turkey's continued diplomatic engagement with Hamas.
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Turkey's FM meets newly elected Hamas leader Khalil al-Hayya in Ankara
Turkish Foreign Minister Hakan Fidan met with Khalil al-Hayya, the newly elected head of Hamas's political bureau, and a Hamas delegation in Ankara. Al-Hayya briefed Fidan on Israeli attacks in Gaza and the West Bank, including settlement expansion and attacks on holy sites in East Jerusalem. Fidan reaffirmed Turkey's support for the Palestinian cause, pledged increased humanitarian aid to Gaza, and praised Hamas's role in peace negotiations. Al-Hayya reiterated Hamas's commitment to a constructive role in negotiations and efforts for Palestinian factional reconciliation. This meeting follows Fidan's earlier condolences visit to al-Hayya in Doha after his son was killed in an Israeli attack, underscoring Turkey's continued diplomatic engagement with Hamas.
Turkish Foreign Minister Hakan Fidan met with Khalil al-Hayya, the newly elected head of Hamas's political bureau, and a Hamas delegation in Ankara. Al-Hayya briefed Fidan on Israeli attacks in Gaza and the West Bank, including settlement expansion and attacks on holy sites in East Jerusalem. Fidan reaffirmed Turkey's support for the Palestinian cause, pledged increased humanitarian aid to Gaza, and praised Hamas's role in peace negotiations. Al-Hayya reiterated Hamas's commitment to a constructive role in negotiations and efforts for Palestinian factional reconciliation. This meeting follows Fidan's earlier condolences visit to al-Hayya in Doha after his son was killed in an Israeli attack, underscoring Turkey's continued diplomatic engagement with Hamas.
tr38Turkey's unemployment rate drops to historic low of 7.6% in June 2026
Turkey's unemployment rate fell to 7.6% in June 2026, the lowest since monthly records began in 2005, down 0.5 percentage points from May and from 8.2% in April. The number of unemployed decreased by 168,000 to 2.69 million, while employment rose by 227,000 to 32.73 million. Youth unemployment dropped to 12.8%, and the composite measure of labor underutilization declined to 28.8%. The labor market recovery marks a sharp reversal from the softening seen earlier in the year.
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Turkey's unemployment rate drops to historic low of 7.6% in June 2026
Turkey's unemployment rate fell to 7.6% in June 2026, the lowest since monthly records began in 2005, down 0.5 percentage points from May and from 8.2% in April. The number of unemployed decreased by 168,000 to 2.69 million, while employment rose by 227,000 to 32.73 million. Youth unemployment dropped to 12.8%, and the composite measure of labor underutilization declined to 28.8%. The labor market recovery marks a sharp reversal from the softening seen earlier in the year.
Turkey's unemployment rate fell to 7.6% in June 2026, the lowest since monthly records began in 2005, down 0.5 percentage points from May and from 8.2% in April. The number of unemployed decreased by 168,000 to 2.69 million, while employment rose by 227,000 to 32.73 million. Youth unemployment dropped to 12.8%, and the composite measure of labor underutilization declined to 28.8%. The labor market recovery marks a sharp reversal from the softening seen earlier in the year.
tr36Turkish Central Bank Governor Visits Damascus for Landmark Financial Talks
Turkish Central Bank Governor Fatih Karahan visited Damascus on July 30, 2026, marking the first such visit since 2010. He met with Syrian Foreign Minister Asaad Hassan al-Shaibani and Syrian Central Bank Governor Mohammed Safwat Raslan. The two central banks agreed to establish reciprocal deposit accounts, expand technical and institutional cooperation, and facilitate commercial and financial transactions. The visit aims to strengthen financial ties and support economic development between Turkey and Syria.
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Turkish Central Bank Governor Visits Damascus for Landmark Financial Talks
Turkish Central Bank Governor Fatih Karahan visited Damascus on July 30, 2026, marking the first such visit since 2010. He met with Syrian Foreign Minister Asaad Hassan al-Shaibani and Syrian Central Bank Governor Mohammed Safwat Raslan. The two central banks agreed to establish reciprocal deposit accounts, expand technical and institutional cooperation, and facilitate commercial and financial transactions. The visit aims to strengthen financial ties and support economic development between Turkey and Syria.
Turkish Central Bank Governor Fatih Karahan visited Damascus on July 30, 2026, marking the first such visit since 2010. He met with Syrian Foreign Minister Asaad Hassan al-Shaibani and Syrian Central Bank Governor Mohammed Safwat Raslan. The two central banks agreed to establish reciprocal deposit accounts, expand technical and institutional cooperation, and facilitate commercial and financial transactions. The visit aims to strengthen financial ties and support economic development between Turkey and Syria.
tr35TRNC rejects EU special representative appointment as illegitimate
The Turkish Republic of Northern Cyprus (TRNC) has formally rejected the European Union's appointment of Raffaele Fitto as its 'special representative for Cyprus', calling the move illegitimate and made without Turkish Cypriot consent. The TRNC Foreign Ministry said the appointment, made at the request of the Greek Cypriot administration, disregards the will of the Turkish Cypriot people and constitutes interference in the decades-old dispute. The ministry also criticized the EU for losing neutrality since admitting the Greek Cypriot administration in 2004, and noted that the UN itself has refrained from appointing a special envoy. The TRNC declared it will not recognize or engage with Fitto in any capacity, and will reject any activities he may undertake. The statement came ahead of Fitto's planned visit to the island and following UN Secretary-General Antonio Guterres's two-day visit, during which he called the island's division 'absolutely crucial' to regional stability and expressed readiness to convene a 5-plus-1 meeting, though more preparations are needed. The TRNC reiterated that it will not engage with Fitto in any capacity, underscoring ongoing tensions between the EU and Turkish Cypriots over the Cyprus issue.
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TRNC rejects EU special representative appointment as illegitimate
The Turkish Republic of Northern Cyprus (TRNC) has formally rejected the European Union's appointment of Raffaele Fitto as its 'special representative for Cyprus', calling the move illegitimate and made without Turkish Cypriot consent. The TRNC Foreign Ministry said the appointment, made at the request of the Greek Cypriot administration, disregards the will of the Turkish Cypriot people and constitutes interference in the decades-old dispute. The ministry also criticized the EU for losing neutrality since admitting the Greek Cypriot administration in 2004, and noted that the UN itself has refrained from appointing a special envoy. The TRNC declared it will not recognize or engage with Fitto in any capacity, and will reject any activities he may undertake. The statement came ahead of Fitto's planned visit to the island and following UN Secretary-General Antonio Guterres's two-day visit, during which he called the island's division 'absolutely crucial' to regional stability and expressed readiness to convene a 5-plus-1 meeting, though more preparations are needed. The TRNC reiterated that it will not engage with Fitto in any capacity, underscoring ongoing tensions between the EU and Turkish Cypriots over the Cyprus issue.
The Turkish Republic of Northern Cyprus (TRNC) has formally rejected the European Union's appointment of Raffaele Fitto as its 'special representative for Cyprus', calling the move illegitimate and made without Turkish Cypriot consent. The TRNC Foreign Ministry said the appointment, made at the request of the Greek Cypriot administration, disregards the will of the Turkish Cypriot people and constitutes interference in the decades-old dispute. The ministry also criticized the EU for losing neutrality since admitting the Greek Cypriot administration in 2004, and noted that the UN itself has refrained from appointing a special envoy. The TRNC declared it will not recognize or engage with Fitto in any capacity, and will reject any activities he may undertake. The statement came ahead of Fitto's planned visit to the island and following UN Secretary-General Antonio Guterres's two-day visit, during which he called the island's division 'absolutely crucial' to regional stability and expressed readiness to convene a 5-plus-1 meeting, though more preparations are needed. The TRNC reiterated that it will not engage with Fitto in any capacity, underscoring ongoing tensions between the EU and Turkish Cypriots over the Cyprus issue.
tr34Turkey and Iraq Strengthen Defense Cooperation for Regional Stability
Turkey's Defense Ministry announced that expanding defense and security cooperation with Iraq is vital for regional stability, following Iraqi Prime Minister Ali al-Zaidi's visit and bilateral agreements. The ministry highlighted ongoing coordination on border security, counterterrorism, and defense industry cooperation, and criticized Israel's violations of cease-fire agreements in Lebanon and Palestinian territories. It also reported counterterrorism operations against the PKK, with four members surrendering and border detentions of illegal crossers.
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Turkey and Iraq Strengthen Defense Cooperation for Regional Stability
Turkey's Defense Ministry announced that expanding defense and security cooperation with Iraq is vital for regional stability, following Iraqi Prime Minister Ali al-Zaidi's visit and bilateral agreements. The ministry highlighted ongoing coordination on border security, counterterrorism, and defense industry cooperation, and criticized Israel's violations of cease-fire agreements in Lebanon and Palestinian territories. It also reported counterterrorism operations against the PKK, with four members surrendering and border detentions of illegal crossers.
Turkey's Defense Ministry announced that expanding defense and security cooperation with Iraq is vital for regional stability, following Iraqi Prime Minister Ali al-Zaidi's visit and bilateral agreements. The ministry highlighted ongoing coordination on border security, counterterrorism, and defense industry cooperation, and criticized Israel's violations of cease-fire agreements in Lebanon and Palestinian territories. It also reported counterterrorism operations against the PKK, with four members surrendering and border detentions of illegal crossers.