Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Although the Yeni Party did not sign the framework bill designed to advance the Kurdish peace process, some of its MPs are expected to support the law in the General Assembly, since some of its MPs contributed to the commission in the parliament under the CHP banner.
The central bank kept its benchmark policy rate unchanged at 37% during its Monetary Policy Committee meeting on July 23, matching market expectations. However, business leaders are increasingly complaining about high borrowing costs, tight credit restrictions, and falling industrial output.
Most market participants expect the central bank to keep the policy rate unchanged at 37% when it meets on July 23, but pressure is building for a cut and some experts are calling for a wholesale shift in monetary policy.
Hakan Aran, the CEO of Turkey's largest private bank, İşBank, has warned that small and medium-sized enterprises (SMEs) face severe difficulties accessing credit, predicting a highly strained second half for 2026.
International financial giant Freedom Holding Corp., founded by Kazakh billionaire Timur Turlov, has completed the regulatory approvals to acquire a majority stake in Turkish Bank A.Ş.
As the countdown to early or on-schedule elections picks up pace, transfers of lawmakers and mayors are happening at an astonishing pace. Among them, Istanbul MP Nimet Özdemir stands out. Özdemir won her parliamentary seat for the first time in 2023 — under the İYİ Party banner.
After the reactions of Turkish journalists and media organizations over the refusal to grant them credentials to cover the NATO Summit in Ankara, some member states conveyed their concerns at NATO headquarters.
Halkbank, the state lender and fourth-largest bank in Turkey by assets, announced that a nine-year-old US criminal case against the bank is getting closer to a complete end. The bank and the US Attorney’s Office for the Southern District of New York submitted a joint plea to the court on June 10, 2026, requesting the dismissal of all charges.
The central bank kept its benchmark policy rate unchanged at 37% for the third consecutive meeting on June 11, matching the consensus forecast of economists. The Monetary Policy Committee also held its overnight lending rate at 40% and its borrowing rate at 35.5%. The central bank last altered its policy rate in January with a 100-basis-point cut.
At Istanbul Airport, one can sometimes see the new Turkish economy walking past in surgical bands. Men arrive with thinning hair and leave with careful instructions, swollen foreheads and a cautious sense of restoration.
Selling pressure intensified on Istanbul’s stock exchange today following a court ruling of "absolute nullity" regarding the main opposition CHP congress. The benchmark BIST 100 index plunged over 6%, triggering a market-wide circuit breaker. The banking index took an even heavier hit, dropping more than 8% to close at 13,163 points.
Parliament approved the first six articles of a landmark bill that includes a ban on children under the age of 15 from using social media platforms. Under the new rules expected to pass as a whole on April 14, social network providers will be prohibited from offering services to children who have not reached the age of 15.