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.
Upcoming
25 key official events aheadHeads 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)
Recent events
tr48Israel formally recognizes Armenian genocide
The Israeli government, led by Foreign Minister Gideon Sa'ar, unanimously approved a proposal to recognize the mass killings of Armenians during World War I as genocide. The decision, announced on Sunday, requires parliamentary ratification and comes amid deteriorating relations with Turkey since the Gaza war began in October 2023. Sa'ar cited a moral duty to reject denial, particularly by the Turkish government, and the move aligns Israel with the US, France, Germany, and Italy, which have already recognized the killings as genocide.
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Israel formally recognizes Armenian genocide
The Israeli government, led by Foreign Minister Gideon Sa'ar, unanimously approved a proposal to recognize the mass killings of Armenians during World War I as genocide. The decision, announced on Sunday, requires parliamentary ratification and comes amid deteriorating relations with Turkey since the Gaza war began in October 2023. Sa'ar cited a moral duty to reject denial, particularly by the Turkish government, and the move aligns Israel with the US, France, Germany, and Italy, which have already recognized the killings as genocide.
The Israeli government, led by Foreign Minister Gideon Sa'ar, unanimously approved a proposal to recognize the mass killings of Armenians during World War I as genocide. The decision, announced on Sunday, requires parliamentary ratification and comes amid deteriorating relations with Turkey since the Gaza war began in October 2023. Sa'ar cited a moral duty to reject denial, particularly by the Turkish government, and the move aligns Israel with the US, France, Germany, and Italy, which have already recognized the killings as genocide.
tr45Erdoğan and Merz discuss bilateral ties, NATO summit, and Ukraine peace efforts
Turkish President Recep Tayyip Erdoğan and German Chancellor Friedrich Merz held a phone call on June 29, 2026, to discuss strengthening bilateral relations, the upcoming NATO leaders' summit in Ankara, and Türkiye's mediation efforts for a lasting peace between Russia and Ukraine. Erdoğan emphasized the importance of European defense within NATO and preserving the transatlantic bond, and noted that Türkiye is working to revive negotiations and restart the diplomatic process between Moscow and Kyiv.
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Erdoğan and Merz discuss bilateral ties, NATO summit, and Ukraine peace efforts
Turkish President Recep Tayyip Erdoğan and German Chancellor Friedrich Merz held a phone call on June 29, 2026, to discuss strengthening bilateral relations, the upcoming NATO leaders' summit in Ankara, and Türkiye's mediation efforts for a lasting peace between Russia and Ukraine. Erdoğan emphasized the importance of European defense within NATO and preserving the transatlantic bond, and noted that Türkiye is working to revive negotiations and restart the diplomatic process between Moscow and Kyiv.
Turkish President Recep Tayyip Erdoğan and German Chancellor Friedrich Merz held a phone call on June 29, 2026, to discuss strengthening bilateral relations, the upcoming NATO leaders' summit in Ankara, and Türkiye's mediation efforts for a lasting peace between Russia and Ukraine. Erdoğan emphasized the importance of European defense within NATO and preserving the transatlantic bond, and noted that Türkiye is working to revive negotiations and restart the diplomatic process between Moscow and Kyiv.
tr43NATO parliamentary leaders at Istanbul summit call for stronger defense, 5% GDP spending target, and continued Ukraine support
Parliamentary leaders from NATO member states gathered at the NATO Parliamentary Summit in Istanbul on June 29, 2026, calling for enhanced defense capabilities, greater allied unity, and increased defense spending, with several pledging up to 5% of GDP by 2035. Speakers emphasized continued support for Ukraine, adaptation to new threats including cyber and AI, and the need for a stronger European pillar within NATO. The summit precedes the NATO Leaders Summit in Ankara scheduled for July 7-8.
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NATO parliamentary leaders at Istanbul summit call for stronger defense, 5% GDP spending target, and continued Ukraine support
Parliamentary leaders from NATO member states gathered at the NATO Parliamentary Summit in Istanbul on June 29, 2026, calling for enhanced defense capabilities, greater allied unity, and increased defense spending, with several pledging up to 5% of GDP by 2035. Speakers emphasized continued support for Ukraine, adaptation to new threats including cyber and AI, and the need for a stronger European pillar within NATO. The summit precedes the NATO Leaders Summit in Ankara scheduled for July 7-8.
Parliamentary leaders from NATO member states gathered at the NATO Parliamentary Summit in Istanbul on June 29, 2026, calling for enhanced defense capabilities, greater allied unity, and increased defense spending, with several pledging up to 5% of GDP by 2035. Speakers emphasized continued support for Ukraine, adaptation to new threats including cyber and AI, and the need for a stronger European pillar within NATO. The summit precedes the NATO Leaders Summit in Ankara scheduled for July 7-8.
tr40Türkiye condemns Israeli strikes in southern Syria, urges international action
Türkiye has strongly condemned Israeli airstrikes on the Syrian provinces of Quneitra and Daraa, labeling them a violation of Syria's sovereignty, international law, and the 1974 Separation of Forces Agreement. The Turkish Foreign Ministry and Communications Director Burhanettin Duran called on the international community to take immediate action to halt what they described as unlawful attacks that endanger civilians and undermine regional stability.
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Türkiye condemns Israeli strikes in southern Syria, urges international action
Türkiye has strongly condemned Israeli airstrikes on the Syrian provinces of Quneitra and Daraa, labeling them a violation of Syria's sovereignty, international law, and the 1974 Separation of Forces Agreement. The Turkish Foreign Ministry and Communications Director Burhanettin Duran called on the international community to take immediate action to halt what they described as unlawful attacks that endanger civilians and undermine regional stability.
Türkiye has strongly condemned Israeli airstrikes on the Syrian provinces of Quneitra and Daraa, labeling them a violation of Syria's sovereignty, international law, and the 1974 Separation of Forces Agreement. The Turkish Foreign Ministry and Communications Director Burhanettin Duran called on the international community to take immediate action to halt what they described as unlawful attacks that endanger civilians and undermine regional stability.
tr38Top EU officials to visit Turkey for talks on security and trade
Three senior European Commission officials—Kaja Kallas, Marta Kos, and Magnus Brunner—are set to visit Turkey on Tuesday for talks with Foreign Minister Hakan Fidan. The visit aims to revitalize EU-Turkey relations, with discussions expected to cover Turkey's EU membership bid, modernization of the customs union, visa liberalization, and regional security issues including the war in Ukraine and developments in the South Caucasus and Gaza.
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Top EU officials to visit Turkey for talks on security and trade
Three senior European Commission officials—Kaja Kallas, Marta Kos, and Magnus Brunner—are set to visit Turkey on Tuesday for talks with Foreign Minister Hakan Fidan. The visit aims to revitalize EU-Turkey relations, with discussions expected to cover Turkey's EU membership bid, modernization of the customs union, visa liberalization, and regional security issues including the war in Ukraine and developments in the South Caucasus and Gaza.
Three senior European Commission officials—Kaja Kallas, Marta Kos, and Magnus Brunner—are set to visit Turkey on Tuesday for talks with Foreign Minister Hakan Fidan. The visit aims to revitalize EU-Turkey relations, with discussions expected to cover Turkey's EU membership bid, modernization of the customs union, visa liberalization, and regional security issues including the war in Ukraine and developments in the South Caucasus and Gaza.
tr30Turkey lifts short-selling ban imposed during Iran war
Borsa Istanbul lifted the short-selling ban on its equity market, which had been imposed on March 1 after U.S.-Israeli attacks on Iran triggered global market declines. The Capital Markets Board's restrictions expired on June 26, and the exchange reinstated the 5:1 order-to-trade ratio. The move aligns with MSCI recommendations and signals normalization of Turkish financial markets.
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Turkey lifts short-selling ban imposed during Iran war
Borsa Istanbul lifted the short-selling ban on its equity market, which had been imposed on March 1 after U.S.-Israeli attacks on Iran triggered global market declines. The Capital Markets Board's restrictions expired on June 26, and the exchange reinstated the 5:1 order-to-trade ratio. The move aligns with MSCI recommendations and signals normalization of Turkish financial markets.
Borsa Istanbul lifted the short-selling ban on its equity market, which had been imposed on March 1 after U.S.-Israeli attacks on Iran triggered global market declines. The Capital Markets Board's restrictions expired on June 26, and the exchange reinstated the 5:1 order-to-trade ratio. The move aligns with MSCI recommendations and signals normalization of Turkish financial markets.
tr28Turkey and Saudi Arabia sign MoU to boost trade and investment ties
The Union of Chambers and Commodity Exchanges of Türkiye (TOBB) and the Federation of Saudi Chambers (FSC) signed a memorandum of understanding on June 29, 2026, to expand bilateral trade and economic cooperation. The agreement includes a joint action plan, sectoral platforms, and the creation of a Türkiye-Saudi Arabia Joint Chamber Forum. TOBB President Rifat Hisarcıklıoğlu called for Islamic countries to merge capital reserves with Türkiye's manufacturing capabilities to create a dominant global economic force. The signing took place on the sidelines of the Islamic Chamber of Commerce and Development (ICCD) meetings in Ankara.
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Turkey and Saudi Arabia sign MoU to boost trade and investment ties
The Union of Chambers and Commodity Exchanges of Türkiye (TOBB) and the Federation of Saudi Chambers (FSC) signed a memorandum of understanding on June 29, 2026, to expand bilateral trade and economic cooperation. The agreement includes a joint action plan, sectoral platforms, and the creation of a Türkiye-Saudi Arabia Joint Chamber Forum. TOBB President Rifat Hisarcıklıoğlu called for Islamic countries to merge capital reserves with Türkiye's manufacturing capabilities to create a dominant global economic force. The signing took place on the sidelines of the Islamic Chamber of Commerce and Development (ICCD) meetings in Ankara.
The Union of Chambers and Commodity Exchanges of Türkiye (TOBB) and the Federation of Saudi Chambers (FSC) signed a memorandum of understanding on June 29, 2026, to expand bilateral trade and economic cooperation. The agreement includes a joint action plan, sectoral platforms, and the creation of a Türkiye-Saudi Arabia Joint Chamber Forum. TOBB President Rifat Hisarcıklıoğlu called for Islamic countries to merge capital reserves with Türkiye's manufacturing capabilities to create a dominant global economic force. The signing took place on the sidelines of the Islamic Chamber of Commerce and Development (ICCD) meetings in Ankara.
tr23Armenian PM Pashinyan opposes weaponization of 1915 events after Israeli genocide recognition
Armenian Prime Minister Nikol Pashinyan stated that Armenia sees no need to respond to Israel's recognition of the 1915 events as genocide, arguing that avoiding weaponization of the issue serves national interests. Turkey condemned Israel's decision as politically motivated, reiterating its position that the events were a tragedy with casualties on both sides.
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Armenian PM Pashinyan opposes weaponization of 1915 events after Israeli genocide recognition
Armenian Prime Minister Nikol Pashinyan stated that Armenia sees no need to respond to Israel's recognition of the 1915 events as genocide, arguing that avoiding weaponization of the issue serves national interests. Turkey condemned Israel's decision as politically motivated, reiterating its position that the events were a tragedy with casualties on both sides.
Armenian Prime Minister Nikol Pashinyan stated that Armenia sees no need to respond to Israel's recognition of the 1915 events as genocide, arguing that avoiding weaponization of the issue serves national interests. Turkey condemned Israel's decision as politically motivated, reiterating its position that the events were a tragedy with casualties on both sides.