Fatih Karahan: Recent economic and financial developments in Turkey
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Speech by Dr Fatih Karahan, Governor of the Central Bank of the Republic of Türkiye, at the briefing on the Inflation Report 2026-II, Istanbul, 14 May 2026.
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4 itemsRecent economic and financial developments in Turkey
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Turkey’s central bank signals lower effective funding rate ahead
The Central Bank of Turkey (CBT) signals a potential easing of monetary policy with an anticipated decrease in the effective funding rate from 40% to 37%, aligning more closely with market forecasts. This adjustment comes amid a revised inflation forecast raised to 28%, reflecting ongoing economic considerations and shifting dynamics within domestic demand, as noted by Governor Fatih Karahan. Per the full note [source], the indications towards normalizing liquidity suggest a strategic pivot that could reshape market expectations and positioning in Turkish assets moving forward.