Eighth scheduled 2026 MPC meeting (counting from January). Policy-rate decision and statement published at 14:00 Ankara time.
Upcoming
26 key official events aheadMonthly 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
tr48Erdogan Threatens Greece Over Aegean Arms and Israel Ties
Background: Turkey's Defense Ministry confirmed war scenario planning citing Greece-Israel military cooperation. Today: Turkish President Erdogan escalates tensions with direct threats against Greece over its arming of Aegean islands and its defense pact with Israel, demanding Athens reverse course. Greece's 'Achilles Shield' air defense system and a visit by Turkey's intelligence chief to Athens underscore the deteriorating bilateral relations. Turkish President Recep Tayyip Erdogan has issued direct threats to Greece over its arming of Aegean islands and its military rapprochement with Israel, demanding Athens abandon island armament. Greece's new air defense system, named 'Achilles Shield,' has drawn Ankara's ire. Turkey's intelligence chief Ibrahim Kalin visited Athens amid the escalating rhetoric, highlighting deteriorating relations.
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Erdogan Threatens Greece Over Aegean Arms and Israel Ties
Background: Turkey's Defense Ministry confirmed war scenario planning citing Greece-Israel military cooperation. Today: Turkish President Erdogan escalates tensions with direct threats against Greece over its arming of Aegean islands and its defense pact with Israel, demanding Athens reverse course. Greece's 'Achilles Shield' air defense system and a visit by Turkey's intelligence chief to Athens underscore the deteriorating bilateral relations. Turkish President Recep Tayyip Erdogan has issued direct threats to Greece over its arming of Aegean islands and its military rapprochement with Israel, demanding Athens abandon island armament. Greece's new air defense system, named 'Achilles Shield,' has drawn Ankara's ire. Turkey's intelligence chief Ibrahim Kalin visited Athens amid the escalating rhetoric, highlighting deteriorating relations.
Background: Turkey's Defense Ministry confirmed war scenario planning citing Greece-Israel military cooperation. Today: Turkish President Erdogan escalates tensions with direct threats against Greece over its arming of Aegean islands and its defense pact with Israel, demanding Athens reverse course. Greece's 'Achilles Shield' air defense system and a visit by Turkey's intelligence chief to Athens underscore the deteriorating bilateral relations. Turkish President Recep Tayyip Erdogan has issued direct threats to Greece over its arming of Aegean islands and its military rapprochement with Israel, demanding Athens abandon island armament. Greece's new air defense system, named 'Achilles Shield,' has drawn Ankara's ire. Turkey's intelligence chief Ibrahim Kalin visited Athens amid the escalating rhetoric, highlighting deteriorating relations.
tr48Turkey detains 13 in new corruption probe linked to former Istanbul mayor Imamoglu
Turkish authorities detained 13 suspects and launched a manhunt for another on September 3, 2026, in an investigation into a criminal gang allegedly led by former Istanbul mayor Ekrem Imamoglu. The detentions focus on corruption in municipal tenders organized by the Istanbul Metropolitan Municipality (IBB) during Imamoglu's tenure. Among those detained are Mustafa Sökmen, head of the municipality's procurement department, and Rezzan Neslihan Vural, head of financial services. This operation is part of the broader corruption case against Imamoglu, who faces charges including bribery, tender rigging, and fraud. The ongoing trial of the 'Imamoglu criminal gang' held its 74th hearing on Wednesday, with 407 defendants. Prosecutors are seeking a prison sentence of up to 2,430 years for Imamoglu. The court is expected to decide on extending detentions on Friday.
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Turkey detains 13 in new corruption probe linked to former Istanbul mayor Imamoglu
Turkish authorities detained 13 suspects and launched a manhunt for another on September 3, 2026, in an investigation into a criminal gang allegedly led by former Istanbul mayor Ekrem Imamoglu. The detentions focus on corruption in municipal tenders organized by the Istanbul Metropolitan Municipality (IBB) during Imamoglu's tenure. Among those detained are Mustafa Sökmen, head of the municipality's procurement department, and Rezzan Neslihan Vural, head of financial services. This operation is part of the broader corruption case against Imamoglu, who faces charges including bribery, tender rigging, and fraud. The ongoing trial of the 'Imamoglu criminal gang' held its 74th hearing on Wednesday, with 407 defendants. Prosecutors are seeking a prison sentence of up to 2,430 years for Imamoglu. The court is expected to decide on extending detentions on Friday.
Turkish authorities detained 13 suspects and launched a manhunt for another on September 3, 2026, in an investigation into a criminal gang allegedly led by former Istanbul mayor Ekrem Imamoglu. The detentions focus on corruption in municipal tenders organized by the Istanbul Metropolitan Municipality (IBB) during Imamoglu's tenure. Among those detained are Mustafa Sökmen, head of the municipality's procurement department, and Rezzan Neslihan Vural, head of financial services. This operation is part of the broader corruption case against Imamoglu, who faces charges including bribery, tender rigging, and fraud. The ongoing trial of the 'Imamoglu criminal gang' held its 74th hearing on Wednesday, with 407 defendants. Prosecutors are seeking a prison sentence of up to 2,430 years for Imamoglu. The court is expected to decide on extending detentions on Friday.
tr43YPG begins handing over heavy weapons to Syrian army in Hassakeh
Following its dissolution, the YPG has started handing over heavy weapons, including armored vehicles, tanks, mortars, and machine guns, to the Syrian army in Hassakeh. This follows a January 29 memorandum on a ceasefire and the group's gradual integration into Syrian security forces. The move is significant for Türkiye, which views the YPG as the Syrian wing of the PKK.
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YPG begins handing over heavy weapons to Syrian army in Hassakeh
Following its dissolution, the YPG has started handing over heavy weapons, including armored vehicles, tanks, mortars, and machine guns, to the Syrian army in Hassakeh. This follows a January 29 memorandum on a ceasefire and the group's gradual integration into Syrian security forces. The move is significant for Türkiye, which views the YPG as the Syrian wing of the PKK.
Following its dissolution, the YPG has started handing over heavy weapons, including armored vehicles, tanks, mortars, and machine guns, to the Syrian army in Hassakeh. This follows a January 29 memorandum on a ceasefire and the group's gradual integration into Syrian security forces. The move is significant for Türkiye, which views the YPG as the Syrian wing of the PKK.
tr40Turkey's Defense Ministry Accuses Israel of Expansionist Policies, Calls for International Action
Turkey's Defense Ministry, in a weekly briefing, accused Israel of pursuing 'expansionist and aggressive' policies that threaten regional and global stability, citing violations of Syria and Lebanon's territorial integrity and provocative actions in Jerusalem. The ministry called on the international community to take concrete measures. Meanwhile, an Israeli analysis warned that treating Turkey as a military threat would be a strategic mistake, highlighting Turkey's expanding military presence across the Middle East and Africa. Turkey also provided updates on the YPG dissolution in Syria and the institutionalization of the Mecca Defense Alliance with Pakistan and Saudi Arabia.
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Turkey's Defense Ministry Accuses Israel of Expansionist Policies, Calls for International Action
Turkey's Defense Ministry, in a weekly briefing, accused Israel of pursuing 'expansionist and aggressive' policies that threaten regional and global stability, citing violations of Syria and Lebanon's territorial integrity and provocative actions in Jerusalem. The ministry called on the international community to take concrete measures. Meanwhile, an Israeli analysis warned that treating Turkey as a military threat would be a strategic mistake, highlighting Turkey's expanding military presence across the Middle East and Africa. Turkey also provided updates on the YPG dissolution in Syria and the institutionalization of the Mecca Defense Alliance with Pakistan and Saudi Arabia.
Turkey's Defense Ministry, in a weekly briefing, accused Israel of pursuing 'expansionist and aggressive' policies that threaten regional and global stability, citing violations of Syria and Lebanon's territorial integrity and provocative actions in Jerusalem. The ministry called on the international community to take concrete measures. Meanwhile, an Israeli analysis warned that treating Turkey as a military threat would be a strategic mistake, highlighting Turkey's expanding military presence across the Middle East and Africa. Turkey also provided updates on the YPG dissolution in Syria and the institutionalization of the Mecca Defense Alliance with Pakistan and Saudi Arabia.
tr40Erdogan says Turkey ready to do everything possible for peace after Putin meeting
Turkish President Recep Tayyip Erdogan, following an informal meeting with Russian President Vladimir Putin and Belarusian leader Alexander Lukashenko on the sidelines of the Shanghai Cooperation Organization summit in Bishkek, expressed Turkey's readiness to do everything possible to end the Russia-Ukraine war peacefully. Erdogan stated that both he and Putin expect a peaceful resolution as soon as possible, noting that the war has brought no positive results for the region or the parties involved. He stressed the need for a permanent mechanism to ensure Black Sea commercial shipping safety. The meeting also addressed bilateral issues, including S-400 air defense systems. This comes amid ongoing diplomatic efforts by Turkey to mediate between Russia and Ukraine.
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Erdogan says Turkey ready to do everything possible for peace after Putin meeting
Turkish President Recep Tayyip Erdogan, following an informal meeting with Russian President Vladimir Putin and Belarusian leader Alexander Lukashenko on the sidelines of the Shanghai Cooperation Organization summit in Bishkek, expressed Turkey's readiness to do everything possible to end the Russia-Ukraine war peacefully. Erdogan stated that both he and Putin expect a peaceful resolution as soon as possible, noting that the war has brought no positive results for the region or the parties involved. He stressed the need for a permanent mechanism to ensure Black Sea commercial shipping safety. The meeting also addressed bilateral issues, including S-400 air defense systems. This comes amid ongoing diplomatic efforts by Turkey to mediate between Russia and Ukraine.
Turkish President Recep Tayyip Erdogan, following an informal meeting with Russian President Vladimir Putin and Belarusian leader Alexander Lukashenko on the sidelines of the Shanghai Cooperation Organization summit in Bishkek, expressed Turkey's readiness to do everything possible to end the Russia-Ukraine war peacefully. Erdogan stated that both he and Putin expect a peaceful resolution as soon as possible, noting that the war has brought no positive results for the region or the parties involved. He stressed the need for a permanent mechanism to ensure Black Sea commercial shipping safety. The meeting also addressed bilateral issues, including S-400 air defense systems. This comes amid ongoing diplomatic efforts by Turkey to mediate between Russia and Ukraine.
tr35Turkey's August exports hit record $23.5B, annualized figure reaches $280.3B
Turkey's exports rose 8.1% year-on-year to $23.5 billion in August 2026, an all-time high for the month, according to Trade Minister Ömer Bolat. This follows a record July when exports grew 2.9% to $25.6 billion. The January-August cumulative exports reached a record $185 billion, up 4%, and annualized exports hit $280.3 billion, a historic high. Imports increased 10.5% to $28.7 billion in August. Bolat highlighted the contribution of exports to economic growth, with national income exceeding $1.7 trillion in the first half of the year, and noted the country's CDS premium fell to 217.5, the lowest in five months. Additionally, annualized services exports rose to $125 billion, and goods and services exports totaled $405.3 billion. The government expects exports to reach $282 billion by year-end.
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Turkey's August exports hit record $23.5B, annualized figure reaches $280.3B
Turkey's exports rose 8.1% year-on-year to $23.5 billion in August 2026, an all-time high for the month, according to Trade Minister Ömer Bolat. This follows a record July when exports grew 2.9% to $25.6 billion. The January-August cumulative exports reached a record $185 billion, up 4%, and annualized exports hit $280.3 billion, a historic high. Imports increased 10.5% to $28.7 billion in August. Bolat highlighted the contribution of exports to economic growth, with national income exceeding $1.7 trillion in the first half of the year, and noted the country's CDS premium fell to 217.5, the lowest in five months. Additionally, annualized services exports rose to $125 billion, and goods and services exports totaled $405.3 billion. The government expects exports to reach $282 billion by year-end.
Turkey's exports rose 8.1% year-on-year to $23.5 billion in August 2026, an all-time high for the month, according to Trade Minister Ömer Bolat. This follows a record July when exports grew 2.9% to $25.6 billion. The January-August cumulative exports reached a record $185 billion, up 4%, and annualized exports hit $280.3 billion, a historic high. Imports increased 10.5% to $28.7 billion in August. Bolat highlighted the contribution of exports to economic growth, with national income exceeding $1.7 trillion in the first half of the year, and noted the country's CDS premium fell to 217.5, the lowest in five months. Additionally, annualized services exports rose to $125 billion, and goods and services exports totaled $405.3 billion. The government expects exports to reach $282 billion by year-end.
tr33Turkey Condemns EU Committee Proposal to Fund Monument Defaming Turkish Military
Turkey's Foreign Ministry condemned a recommendation by the European Parliament's Committee on Women's Rights and Gender Equality to allocate funds in the 2027 EU budget for a monument planned by the Greek Cypriot administration, which Turkey says defames the Turkish Armed Forces. Ankara criticized the EU for compromising neutrality and fairness by supporting Greek Cypriot propaganda, undermining trust between communities and stability in the region.
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Turkey Condemns EU Committee Proposal to Fund Monument Defaming Turkish Military
Turkey's Foreign Ministry condemned a recommendation by the European Parliament's Committee on Women's Rights and Gender Equality to allocate funds in the 2027 EU budget for a monument planned by the Greek Cypriot administration, which Turkey says defames the Turkish Armed Forces. Ankara criticized the EU for compromising neutrality and fairness by supporting Greek Cypriot propaganda, undermining trust between communities and stability in the region.
Turkey's Foreign Ministry condemned a recommendation by the European Parliament's Committee on Women's Rights and Gender Equality to allocate funds in the 2027 EU budget for a monument planned by the Greek Cypriot administration, which Turkey says defames the Turkish Armed Forces. Ankara criticized the EU for compromising neutrality and fairness by supporting Greek Cypriot propaganda, undermining trust between communities and stability in the region.
tr33Turkey's annual inflation cools to 31.5% in August despite energy pressures
Turkey's annual inflation eased to 31.5% in August 2026, down from 31.75% in July, marking a third consecutive month of decline despite the U.S.-Iran conflict and rising energy prices. Monthly CPI rose 1.84%, slightly below market expectations. Education, health, and housing led price increases. Finance Minister Mehmet Şimşek highlighted that core goods inflation fell to 15.9% annually, the lowest since November 2020, and annual rent inflation dropped to a 46-month low. He attributed the cooling to structural policies aimed at lasting price stability. The disinflation trend continues despite geopolitical pressures.
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Turkey's annual inflation cools to 31.5% in August despite energy pressures
Turkey's annual inflation eased to 31.5% in August 2026, down from 31.75% in July, marking a third consecutive month of decline despite the U.S.-Iran conflict and rising energy prices. Monthly CPI rose 1.84%, slightly below market expectations. Education, health, and housing led price increases. Finance Minister Mehmet Şimşek highlighted that core goods inflation fell to 15.9% annually, the lowest since November 2020, and annual rent inflation dropped to a 46-month low. He attributed the cooling to structural policies aimed at lasting price stability. The disinflation trend continues despite geopolitical pressures.
Turkey's annual inflation eased to 31.5% in August 2026, down from 31.75% in July, marking a third consecutive month of decline despite the U.S.-Iran conflict and rising energy prices. Monthly CPI rose 1.84%, slightly below market expectations. Education, health, and housing led price increases. Finance Minister Mehmet Şimşek highlighted that core goods inflation fell to 15.9% annually, the lowest since November 2020, and annual rent inflation dropped to a 46-month low. He attributed the cooling to structural policies aimed at lasting price stability. The disinflation trend continues despite geopolitical pressures.