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Key Indicators
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25 key official events ahead
July 2026
Statistics
TÜİK Consumer Price Index release (June data)

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.

Summit
2026 Ankara NATO Summit

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.

Statistics
TÜİK Labour Force Statistics release (June data)

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.

Central Bank
CBRT Monetary Policy Committee interest rate decision (July)

Seventh of eight 2026 MPC meetings. Policy-rate decision and statement published at 14:00 Ankara time.

August 2026
Statistics
TÜİK Consumer Price Index release (July data)

Monthly CPI print for July. Released around the 3rd of the month at 10:00 Ankara time.

Central Bank
CBRT Inflation Report 2026-III

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.

Statistics
TÜİK Labour Force Statistics release (July data)

Monthly unemployment and employment data for July, released in the mid-month window (around the 15th) at 10:00 Ankara time.

September 2026
Statistics
TÜİK Q2 2026 GDP release

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.

Statistics
TÜİK Consumer Price Index release (August data)

Monthly CPI print for August. Released around the 3rd of the month at 10:00 Ankara time.

Central Bank
CBRT Monetary Policy Committee interest rate decision (September)

Eighth scheduled 2026 MPC meeting (counting from January). Policy-rate decision and statement published at 14:00 Ankara time.

October 2026
Statistics
TÜİK Consumer Price Index release (September data)

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.

Central Bank
CBRT Monetary Policy Committee interest rate decision (October)

Penultimate 2026 MPC meeting. Policy-rate decision and statement published at 14:00 Ankara time.

November 2026
Statistics
TÜİK Consumer Price Index release (October data)

Monthly CPI print for October. Released around the 3rd of the month at 10:00 Ankara time.

Central Bank
CBRT Inflation Report 2026-IV

Final quarterly Inflation Report of 2026, presented at a Governor's briefing. Sets out the bank's updated inflation forecasts heading into 2027.

Statistics
TÜİK Labour Force Statistics release (October data)

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.

Central Bank
CBRT Financial Stability Report (November)

Second of the CBRT's two semi-annual Financial Stability Reports for 2026, assessing risks in the banking system, credit, FX and external balances.

December 2026
Statistics
TÜİK Consumer Price Index release (November data)

Monthly CPI print for November. Released around the 3rd of the month at 10:00 Ankara time.

Central Bank
CBRT Monetary Policy Committee interest rate decision (December)

Final 2026 MPC meeting. Policy-rate decision and statement published at 14:00 Ankara time; the last rate-setting decision of the year.

Central Bank
CBRT Monetary Policy text for 2027

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.

Statistics
TÜİK Q3 2026 GDP release

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)

January 2027
Statistics
TÜİK Consumer Price Index release (December data)

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.

Central Bank
CBRT Monetary Policy Committee interest rate decision (January)

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)

February 2027
Statistics
TÜİK Consumer Price Index release (January 2027 data)

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)

Central Bank
CBRT Inflation Report 2027-I

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)

April 2027
Election
Turkish constitutional referendum (potential)

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)

Turkey

Recent events

24
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tr48

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.

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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.

tr45

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.

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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.

tr43

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.

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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.

tr40

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.

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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.

tr38

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.

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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.

tr30

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.

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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.

tr28

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.

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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.

tr23

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.

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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.