Lira

3 July 2026
Turkey’s June inflation edges above forecasts, reinforcing expectations of CBRT holding rates at 50%

Turkey’s June CPI rose 32.11% y/y, slightly above forecasts, keeping CBRT hawkish and rates high.

29 June 2026
Turkey’s Confidence Index Climbs in May as Central Bank Holds Line and Risk Premium Eases

Turkey’s confidence index rose to 98.9 in May, still below 100, as risk perceptions eased.

15 June 2026
Turkey’s budget deficit narrows to TRY 298.2bn in May, supporting fiscal tightening narrative

Turkey’s May budget deficit narrowed to TRY 298.2bn, supporting stabilization, lira resilience, equities, and tighter spreads.

11 June 2026
ING sees CBRT holding 37% rate as lira steadies, but current account gap risks year-end slide

ING expects CBRT to hold 37%, supporting near-term lira stability, but deficits risk depreciation to 53.00.

27 May 2026
MUFG Warns Political and Energy Shocks Could Push USD/TRY Towards 50.500 by Year-End

MUFG warns Turkish lira faces downside: politics, energy shock, thin reserves may drive USD/TRY toward 50.5.

22 May 2026
USD/TRY hits record high as Turkish political turmoil and hawkish Fed shift weigh on lira

USD/TRY hit record 45.7778 as Turkish political uncertainty and hawkish Fed expectations weakened the lira.

24 May 2024
More rate tightening from Turkish Central Bank is likely 

Key Points:  The Central Bank of Turkey (CBT) kept the policy rate at 50%, in line with expectations.  CBT maintains a tightening bias, indicating further hikes may be necessary if inflation persists.  Forex reserves have improved, leading to increased Turkish …

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