News
Rising single-person Turkish households shrink average home sizes - Latest News
9+ hour, 13+ min ago (345+ words) Changing demographics, rising costs and urban transformation are reshaping housing trends in T'rkiye, with smaller household sizes contributing to a steady decline in average home space. According to the latest data from the Turkish Statistical Institute (T'K), the country's average…...
Middle East conflict upends interest rate cut expectations - Latest News
9+ hour, 8+ min ago (459+ words) With the war putting upward pressure on oil, natural gas and commodity prices since late February, both domestic market participants and major international banks have pushed back their expectations for rate cuts by the Turkish Central Bank by at least…...
T'rkiye's budget deficit widens in April - Latest News
2+ day, 9+ hour ago (315+ words) The deficit was 230 billion liras in March. Budget expenditures increased by 34. 7 percent year-on-year to 1. 52 trillion liras, driven by a 45. 4 percent surge in non-interest spending, which reached 1. 3 trillion liras. In contrast, interest expenditures edged down 1. 3 percent annually to 257. 6 billion liras. On…...
Inflation expectations for end-2026 deteriorate, shows Central Bank survey - Latest News
2+ day, 9+ hour ago (476+ words) The Central Bank's monthly Survey of Market Participants showed on May 15 that expectations for year-end 2026 consumer inflation rose to 28. 94 percent, up from 27. 53 percent in the previous survey period. Meanwhile, the 12-month-ahead inflation expectation edged up to 23. 82 percent from 23. 39 percent and…...
Central Bank lifts 2026 inflation forecast to 26 percent - Latest News
3+ day, 9+ hour ago (850+ words) The Turkish Central Bank has raised its year-end inflation forecast for 2026 to 26 percent, citing the impact of the war in the region, higher energy prices and increased uncertainty over the global outlook. Presenting the bank's second inflation report of the…...
Current account gap hits $9. 7 billion in March - Latest News
4+ day, 8+ hour ago (270+ words) The figure was in line with economists" expectations and followed a $7. 5 billion deficit in February. The 12-month current account deficit rose to $39. 7 billion in March from $35 billion a month earlier, reaching its highest level in two years. Excluding gold and…...
T'rkiye's current account deficit expected to reach $9. 5 billion in March - Latest News
5+ day, 11+ hour ago (264+ words) T'rkiye's current account deficit will widen to $9. 5292 billion in March and the country's full-year current account deficit to $51. 89 billion, according to estimates from economists who participated in a state-run Anadolu Agency survey. Some 12 economists participated in the survey ahead of…...
Indonesia economy grew 5. 6 pct in first quarter - Latest News
1+ week, 4+ day ago (359+ words) Indonesia's economy grew 5. 6 percent year-on-year in the first quarter of 2026, the national statistics agency said on May 6, topping the government's own forecast despite pressures of the Middle East war. The reading exceeded the 5. 4 percent recorded in the final three months…...
War weighs on disinflation, but policy stance unchanged: Karahan - Latest News
1+ week, 4+ day ago (530+ words) The Turkish Central Bank will continue to use all monetary policy tools in line with its price stability objective despite the negative impact of the war on the disinflation process, Governor Fatih Karahan has said. Karahan made the remarks during…...
T'rkiye absorbed fuel shock through tax cuts, says "im'ek - Latest News
1+ week, 4+ day ago (536+ words) T'rkiye's fuel tax adjustment mechanism cost the budget 90 billion Turkish Liras, or about $2 billion, in its first two months, Treasury and Finance Minister Mehmet "im'ek has said. Speaking during a television program, "im'ek said inflation would have risen much more…...