Turkey · Country watch
Turkey's Inflation Forecast Rises, BUDO Cancellations
Turkey's central bank raises inflation forecast to 29.5%; BUDO cancels ferry services due to adverse weather.
In this briefing Fatih Karahan · Central Bank of the Republic of Turkey · Bursa Deniz Otobüsleri · Turkish Statistical Institute
Regulation
Turkey's Inflation Forecast Raised to 29.5%
Part of: Turkey's Central Bank adjusts monetary policy amid inflation risks →
The Central Bank of Turkey has raised its 2026 year-end inflation forecast to 29.5%, according to Central Bank Governor Fatih Karahan. The increase is attributed to the impact of ongoing geopolitical tensions and rising energy prices. The bank also provided forecasts for the coming years, predicting inflation to drop to 21% in 2027 and 13.5% in 2028. This adjustment was announced during the presentation of the year's final inflation report, as reported by Radikal-Rss and Haber Turk.
Impact Lenders and borrowers face higher inflation expectations, affecting interest rates and financial planning.
Sources: Radikal-Rss (Son Dakika) ↗, Haber Turk ↗
Disruption
BUDO Cancels Ferry Services Due to Weather
Bursa Deniz Otobüsleri (BUDO) cancelled ten ferry services on 12 November due to adverse weather conditions, according to Vatan and Haberler.com. The cancellations affected routes between Mudanya and Istanbul, as well as Armutlu and Istanbul. The disruptions were announced early in the day and impacted both morning and afternoon schedules.
Impact Logistics and commuter services between Bursa and Istanbul face delays and disruptions due to ferry cancellations.
Sources: Vatan ↗, Haberler.com ↗
Markets
Turkey's Export and Import Indices Rise in September
Turkey's export unit value index increased by 7% in September compared to the same month last year, while the import unit value index rose by 12.7%, according to data released by TÜİK and reported by Milatgazetesi.COM and STAR. The export quantity index also showed a 7.8% increase, indicating a positive trend in Turkey's trade performance.
Impact Exporters and importers in Turkey see rising trade values, reflecting increased costs and demand.
Sources: milatgazetesi.COM ↗, STAR ↗
Nothing significant reported today in Internal tension · Safety & health · Companies · Trade · Politics.
Also today in the local press
- TCMB’de yılın son Enflasyon Raporu toplantısı başladı: Tahminler yeniden yükseltildi — Cumhuriyet
- Bakan Şimşek: 4 dünya bankası ile 5,1 milyar dolarlık anlaşma imzaladık — Haberler.com
- Gram altında sınır geçildi: Sırada hangi kritik seviye var? İşte güncel rakamlar — haber7.com
- Enflasyon tahmini değişti, gözler faizde: Piyasaların gözü aralık ayında! — haber7.com
- Benzine, mazota indirim var mı? 12 Kasım Akaryakıt fiyatları ne kadar? Güncel yakıt fiyatları kaç TL? — Cumhuriyet.com.tr: Son Dakika
- TÜİK açıkladı: Türkiye'nin ithalat ve ihracat oranları belli oldu — Cumhuriyet.com.tr: Son Dakika
- Hükümetin yüksek enflasyon savunması cephede çöktü: İsrail, ABD, Rusya ve Türkiye'de enflasyon farkı şok etti... — Cumhuriyet.com.tr: Son Dakika
- Türk Eximbank'tan COP31'de küresel finans zirvesi — haber7.com
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.