Monday, 7 September 2026Independent English edition
SECTION

Economy & Money

Exchange rates, inflation, banking, costs and decisions that affect daily life.

Turkey Compass chart of Türkiye's 2027–2029 programme growth and year-end inflation targets01Editorial visual
Economy & Money

Türkiye's 2027–2029 programme targets 4.2% growth next year and single-digit inflation by 2029

The new government framework estimates 2026 inflation at 28.4% and growth at 3.3%, then sets a 9% inflation objective for 2029. These are programme assumptions, not guaranteed outcomes.

7 min read · today, 15:19
Turkey Compass diagram showing a Central Bank export rediscount credit reaching Eximbank and other banks02Editorial visual
Economy & Money

Türkiye broadens export rediscount credit tax-relief wording beyond Eximbank

Decision No. 11723 and Communiqué 2026/3 add ‘other banks’ to the framework for tax, duty and fee exemptions tied to Central Bank rediscount credits. Ordinary commercial loans are not automatically covered.

6 min read · today, 06:19
Turkey Compass diagram explaining the 10 percent withholding route for specified corporate money-market fund gains03Editorial visual
Economy & Money

Türkiye sets 10% withholding on specified corporate money-market fund gains

Decision No. 11734 targets specified corporate money-market fund gains and separately sets 10% for other taxpayers' gains outside sub-item (1). Product and taxpayer classification matter.

7 min read · today, 05:20
Turkey Compass chart showing Türkiye's August 2026 exports of $23.467bn, imports of $28.706bn and calculated goods gap of $5.239bn04Editorial visual
Economy & Money

Türkiye's August imports grew faster than exports, leaving a $5.24bn goods gap

Exports rose 8.1% to $23.467bn and imports 10.5% to $28.706bn. Germany was the top export market, while intermediate goods drove most trade.

7 min read · today, 12:28
Turkey Compass data graphic showing August 2026 CPI at 31.51% annually, 1.84% monthly and the 31.79% 12-month average05Editorial visual
Economy & Money

Türkiye inflation eased to 31.51% in August; September rent cap is 31.79%

Annual CPI slowed, but prices still rose 1.84% in August. Transport was the strongest monthly pressure, while the 12-month average sets September's standard rent-renewal ceiling.

8 min read · today, 10:24
Turkey Compass chart showing Türkiye's 2.3% year-on-year GDP growth in Q2 2026 and 3.7% annual growth in 202506Editorial visual
Economy & Money

Türkiye's economy grew 2.3% in Q2 2026 — what the headline tells investors

TÜİK's first estimate shows real GDP was 2.3% higher than a year earlier; a separate annual release puts full-year 2025 growth at 3.7%.

7 min read · today, 10:25
Turkey Compass graphic showing Türkiye's 31 August tax-debt instalment deadline, 39% to 29% interest and possible 12 to 72 instalments07Editorial visual
Economy & Money

Türkiye's 29% tax-debt instalment deadline is today — who can still apply

Eligible debts can be deferred at 29% annual interest instead of 39%, but applications close on 31 August and the scheme is not a tax amnesty.

7 min read · today, 07:22
Original Turkey Compass fact-check graphic separating an electricity price-hike rumor from the official 28 August statement08Editorial visual
Economy & Money

Fact check: Türkiye says no current plan for a very large electricity price increase

An official 28 August bulletin rejects claims of an imminent, very high electricity tariff increase — but does not promise that prices can never change.

5 min read · today, 18:27
Turkey Compass chart comparing Türkiye's July 2026 exports, imports, trade deficit and export-to-import coverage ratio09Editorial visual
Economy & Money

Türkiye's July trade gap widens 13.6% as imports outpace exports

Exports reached a July record, but imports grew faster and the goods deficit rose to $7.343 billion; the seasonally adjusted monthly picture was less negative.

8 min read · today, 10:18
Original Turkey Compass chart comparing Türkiye central-bank total, gold and foreign-currency reserves for the week ending 21 August 202610Editorial visual
Economy & Money

Türkiye’s reserves rose to $188.4bn — but the weekly gain came from gold, not foreign currency

TCMB’s total gross reserves increased by $4.95bn in the week to 21 August. Gold rose by $5.89bn while gross FX reserves fell by $0.94bn.

6 min read · today, 17:25
Original Turkey Compass infographic showing Türkiye's sunflower-seed import tariff falling from 20% to 12% on 1 October 202611Editorial visual
Economy & Money

Türkiye will cut the sunflower-seed import tariff earlier — but cooking oil prices are not guaranteed to fall

The 12% tariff will apply from 1 October instead of 30 November in 2026, a supply measure aimed at processors rather than a fixed retail-price reduction.

6 min read · today, 14:20
Turkey Compass explanatory graphic showing the 21 August decisions and 26 August publication of the Payco and Junomoney licence revocations12Editorial visual
Economy & Money

Türkiye revokes Payco and Junomoney e-money licences: what is confirmed

The CBRT decisions end both companies' authorisation, but the published texts do not set out a customer refund timetable or migration plan.

6 min read · today, 03:22
Turkey Compass data graphic comparing Türkiye's old and new FAST transaction limits13Editorial visual
Economy & Money

Türkiye triples the FAST transfer limit to TRY 300,000 from 26 August

The central bank is raising the per-transaction FAST limit from TRY 100,000 to TRY 300,000, while QR merchant payments will rise from TRY 250,000.

7 min read · today, 04:49
Turkey Compass chart showing Türkiye labour cost, construction employment, hours and wage index changes in Q2 202614Editorial visual
Economy & Money

Türkiye labour costs rose 34% as construction hours accelerated

TÜİK's second-quarter indices show rising employer costs and a construction sector adding workers and hours, while industrial employment continued to contract.

8 min read · today, 13:25
Turkey Compass data chart showing Türkiye farm input prices down 0.92% monthly but up 32.06% annually in June 202615Editorial visual
Economy & Money

Türkiye's farm input prices fell 0.92% in June, but annual pressure remained high

A monthly decline interrupted the recent rise, yet agricultural inputs still cost 32.06% more than a year earlier and fertiliser remained the main annual pressure point.

8 min read · today, 17:10
Turkey Compass chart comparing Türkiye's monthly and annual foreign producer price changes in June and July 202616Editorial visual
Economy & Money

Türkiye's export producer prices jumped 2.51% in July despite slower annual inflation

The monthly rise accelerated from 0.46% in June, while the annual rate eased from 30.33% to 29.67% — a split signal for exporters, buyers and investors.

7 min read · today, 12:35
Editorial chart of Türkiye's second-quarter 2026 labour market, showing unemployment, employment growth and sector job changes17Editorial visual
Economy & Money

Türkiye unemployment fell to 7.9%, but industry shed 121,000 jobs

Second-quarter employment rose by 155,000 as services added 240,000 jobs, while broad labour underutilisation remained high at 29.9%.

6 min read · today, 12:30
Bank deposit documents and a real-return chart in Türkiye18Editorial visual
Economy & Money

Bank deposits delivered the best monthly real return in July

TÜİK calculated a 1.29% real monthly return on gross deposit interest after adjustment for consumer inflation.

5 min read · today, 08:25
Analytical overview of market expectations for inflation, lira exchange rate and interest rate in Türkiye19Editorial visual
Economy & Money

Market participants expect inflation of 29.43% by the end of 2026

The new TCMB survey also shows an expectation of 48.19 lira per dollar by the end of the year and a rate of 35.25%.

6 min read · today, 16:18
Türkiye Central Bank building and inflation graph20Editorial visual
Economy & Money

The Turkish Central Bank raised its inflation forecast for the end of 2026 to 28%

TCMB's new forecast is two points higher than its May estimate; the target for the end of 2027 is left at 15%.

7 min read · today, 08:02
Comparison of inflation indicators on analytical charts21Editorial visual
Economy & Money

Fact check: why 28% and 24% of the Turkish Central Bank do not contradict each other

In the report, 28% is the central inflation forecast for the end of 2026, and 24% is the retained interim monetary policy target.

5 min read · today, 07:13
Presentation of the economic report of the Central Bank of Türkiye22Editorial visual
Economy & Money

Today the Central Bank of Türkiye presents a new inflation forecast

On August 13, Enflasyon Raporu 2026-III is released - a key benchmark for rates, exchange rates, loans and the housing market.

6 min read · today, 08:18
Turkish lira next to normal everyday purchases23Editorial visual
Economy & Money

What do exchange rates mean for a foreigner living or investing in Türkiye?

Prices, expenses and decisions without panic: separating daily fluctuations from long-term factors.

7 min read · today, 12:16