Türkiye prioritizes disinflation and sustainable growth for 2026

The Turkish economy enters 2026 with a dual focus on sustaining its disinflation progress and achieving stable, long-term growth. Key data releases, central bank meetings, and international trade diplomacy are set to dominate the year's economic agenda.
Inflation on a downward trajectory
Annual inflation, which peaked around 65% in late 2022/2023 and ended 2024 at 44.4%, has shown a marked decline. The Consumer Price Index fell to 31.07% in November 2025, a four-year low. The official December figure will be announced on January 5, while the government's Medium-Term Program targets an average of 28.5% for 2025, falling to around 16% in 2026.
Monetary policy and growth targets
The Central Bank's Monetary Policy Committee, which cut its key rate to 38% in December, will hold eight meetings in 2026, starting January 22. The government targets economic growth of 3.8% for the year, following an estimated 3.3% expansion in 2025. Treasury and Finance Minister Mehmet Simsek cited tight policy and improved expectations as drivers for continued disinflation and sustainable growth.
Credit ratings and trade diplomacy in focus
Upcoming assessments by major credit rating agencies—Fitch and Moody's on January 23 and S&P in April—will be closely watched after recent upgrades. The government also plans an intensive schedule of international trade visits and negotiations to advance Free Trade Agreements, building on over 110 foreign contacts made by the Trade Ministry in 2025.
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