CENTRAL BANK CUTS INTEREST RATES
The Central Bank reduced its policy interest rate, the one-week repo auction rate, from 43% to 40.5%, the second straight cut.
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CHP CONGRESS CANCELLATION HITS THE STOCK MARKET
Following the cancellation on Sept. 2 of the CHP Istanbul Provincial Congress, losses on the Istanbul Stock Exchange exceeded 5% within the day. The banking index dropped by more than 8% before rebounding.
SLEEVES ADDED TO DRESS FOR THE PRESIDENCY
Anna Kviloriya, the TV anchor wife of Belarusian Ambassador to Ankara Anatoliy Glaz, said that her husband warned her not to wear a low-cut dress for their credentials ceremony at the presidential complex.
İŞ BANK SEES 29% INFLATION, 35% INTEREST RATES AT END-2025
Hakan Aran, head of İş Bank, the country’s largest private lender, said they expect Turkey’s annual inflation to drop to 29% by the end of 2025, with interest rates falling to 35%. Aran shared his predictions regarding the economic normalization process at a press conference. According to Aran, “we may see monthly inflation rates drop below 1% as the normalization process begins in May 2026.”
CENTRAL BANK UPS INFLATION TARGETS FOR 2026, 2027
Central Bank Governor Fatih Karahan said inflation is expected to stand between 25% and 29% at the end of 2025, and between 13% and 19% in 2026.
PARLIAMENT EMPLOYEE KILLED BY HUSBAND AMID DIVORCE
A woman working at the Turkish Parliament has been killed by her husband while awaiting a divorce.
COURT ORDERS BAN ON FATİH ALTAYLI’S YOUTUBE CHANNEL
A Turkish court has ordered a full access ban on journalist Fatih Altaylı’s YouTube channel, citing “national security” and “public order” concerns.
INCOME GAP DEEPENS
The Banking Regulation and Supervision Agency's latest data shows that income inequality continues in Turkey.
TOP COURT RULES MOBILE SIGNAL RECORDS CANNOT JUSTIFY ARREST
Turkey’s Constitutional Court has ruled that former HDP MP Hüda Kaya was unlawfully arrested and that her rights were violated after she was denied access to her file following her detention over the 2014 Kobani protests.
FİDAN UNEASY ABOUT INCREASING SCRUTINY
The debate kicked off following an article by journalist Zeynep Gürcanlı, who asked why Turkey did not join the statement issued by the Hague Group during their meeting in Bogota on July 16. Turkey was among 30 countries at the Bogota conference, yet opted not to sign the statement, which included measures against Israel. Among these measures are the denial of arms to Israel, a ban on ships transporting such arms, and a review of public contracts for possible links to companies that benefit from the Israeli occupation.
TRUSTEE AT İMAMOĞLU FAMILY FIRM ALSO IN OVER 20 SEIZED COMPANIES
Enis Güçlü Şirin, the trustee appointed to İmamoğlu İnşaat—the family business of Istanbul Mayor Ekrem İmamoğlu—holds positions on the boards of more than 20 other companies. All the firms where Şirin serves are under the administration of Turkey’s Savings Deposit Insurance Fund (TMSF) which operates firms that have been seized by the state often because of bankruptcy, tax debts, or links to the Gülenist movement.
CENTRAL BANK CUTS RATES BY 3 POINTS DESPITE ONGOING INFLATION RISKS
The Central Bank lowered its one-week repo rate from 46% to 43% on July 24, despite warning signs that inflation pressures persist. This was the first cut following the April rate hike. The Monetary Policy Committee also reduced the overnight lending rate from 49% to 46% and the overnight borrowing rate from 44.5% to 41.5%. While June’s core inflation trend remained unchanged, preliminary indicators pointed to a temporary rise in July inflation due to month-specific factors.