Turkey Economic Calendar
Economy of Turkey
The Turkish economy is the nineteenth biggest in the world and is an emerging market economy. In recent years, Turkey's financial and currency markets have been unstable, and the country's economic future is unclear due to political unrest and participation in regional violent conflicts.
The service sector accounts for the majority of the Gross Domestic Product (GDP), followed by the industrial and agricultural sectors.
Electronics, petrochemicals, automobile manufacture, textiles, building materials, and household appliances are among the major industries.
Turkey's largest commercial partners include Germany, Russia, the United Kingdom, the United Arab Emirates, Iraq, Italy, and China, with several of them ranking first in both exports and imports.
Bank of Turkey
Turkey's central bank is the Central Bank of the Republic of Turkey (CBRT), it is responsible for the issuance and management of the Turkish Lira (TRY), the national currency of Turkey and Northern Cyprus, as well as the implementation of monetary policy and management of foreign exchange reserves.
Interest Rate of Turkey
The Central Bank of the Republic of Turkey's Monetary Policy Committee is in charge of setting the Interest Rates on government bonds. In 2018, The central bank altered its monetary policy strategy. Previously, it utilized a system with four primary key rates. One of the most closely watched was the late liquidity window loan rate.
Date
|
Time left
|
Event
|
Impact
|
Previous
|
Consensus
|
Actual
|
|||
---|---|---|---|---|---|---|---|---|---|
Wednesday, Dec 25, 2024
|
|||||||||
Dec 25, 07:00
|
3 days
|
TRY | Capacity Utilization (Dec) |
Low
|
76.1% |
76.1%
|
|||
Dec 25, 07:00
|
3 days
|
TRY | Business Confidence (Dec) |
Medium
|
100.4 |
100.5
|
|||
Thursday, Dec 26, 2024
|
|||||||||
Dec 26, 11:00
|
4 days
|
TRY | Overnight Lending Rate (Dec) |
Low
|
53% |
51.5%
|
|||
Dec 26, 11:00
|
4 days
|
TRY | Overnight Borrowing Rate (Dec) |
Low
|
47% |
45.5%
|
|||
Dec 26, 11:00
|
4 days
|
TRY | TCMB Interest Rate Decision |
Low
|
50% |
48.5%
|
|||
Dec 26, 11:30
|
4 days
|
TRY | Foreign Exchange Reserves (Dec/20) |
Low
|
$98.18B | ||||
Monday, Dec 30, 2024
|
|||||||||
Dec 30, 07:00
|
8 days
|
TRY | Economic Confidence Index (Dec) |
Low
|
97.1 |
98
|
|||
Tuesday, Dec 31, 2024
|
|||||||||
Dec 31, 07:00
|
9 days
|
TRY | Exports (Nov) |
Low
|
$23.5B |
$22.29B
|
|||
Dec 31, 07:00
|
9 days
|
TRY | Balance of Trade (Nov) |
Low
|
-$5.91B |
-$7.36B
|
|||
Dec 31, 07:00
|
9 days
|
TRY | Imports (Nov) |
Low
|
$29.41B |
$29.65B
|
|||
Wednesday, Jan 01, 2025
|
|||||||||
Jan 01, 00:00
|
10 days
|
TRY | New Year's Day |
None
|
|||||
Thursday, Jan 02, 2025
|
|||||||||
Jan 02, 07:00
|
11 days
|
TRY | Istanbul Chamber of Industry Manufacturing PMI (Dec) |
Low
|
48.3 |
48.5
|
|||
Jan 02, 11:30
|
11 days
|
TRY | Foreign Exchange Reserves (Dec/27) |
Low
|
|||||
Friday, Jan 03, 2025
|
|||||||||
Jan 03, 07:00
|
12 days
|
TRY | Inflation Rate MoM (Dec) |
Medium
|
2.24% |
2.3%
|
|||
Jan 03, 07:00
|
12 days
|
TRY | PPI MoM (Dec) |
Low
|
0.66% |
0.5%
|
|||
Jan 03, 07:00
|
12 days
|
TRY | PPI YoY (Dec) |
Low
|
29.47% |
28.5%
|
|||
Jan 03, 07:00
|
12 days
|
TRY | Inflation Rate YoY (Dec) |
Medium
|
47.09% |
45%
|
|||
Jan 03, 11:00
|
12 days
|
TRY | MPC Meeting Summary |
Low
|
|||||
Wednesday, Jan 08, 2025
|
|||||||||
Jan 08, 14:30
|
17 days
|
TRY | Treasury Cash Balance (Dec) |
Low
|
-210
|
||||
Thursday, Jan 09, 2025
|
|||||||||
Jan 09, 11:30
|
18 days
|
TRY | Foreign Exchange Reserves (Jan/03) |
Low
|
|||||
Friday, Jan 10, 2025
|
|||||||||
Jan 10, 07:00
|
19 days
|
TRY | Industrial Production MoM (Nov) |
Low
|
|||||
Jan 10, 07:00
|
19 days
|
TRY | Unemployment Rate (Nov) |
Medium
|
|||||
Jan 10, 07:00
|
19 days
|
TRY | Participation Rate (Nov) |
Low
|
|||||
Jan 10, 07:00
|
19 days
|
TRY | Industrial Production YoY (Nov) |
Medium
|
|||||
Monday, Jan 13, 2025
|
|||||||||
Jan 13, 07:00
|
22 days
|
TRY | Retail Sales MoM (Nov) |
Low
|
|||||
Jan 13, 07:00
|
22 days
|
TRY | Auto Production YoY (Dec) |
Low
|
|||||
Jan 13, 07:00
|
22 days
|
TRY | Current Account (Nov) |
Low
|
|||||
Jan 13, 07:00
|
22 days
|
TRY | Retail Sales YoY (Nov) |
Low
|
|||||
Jan 13, 07:00
|
22 days
|
TRY | Auto Sales YoY (Dec) |
None
|
|||||
Wednesday, Jan 15, 2025
|
|||||||||
Jan 15, 08:00
|
24 days
|
TRY | Budget Balance (Dec) |
Low
|
|||||
Thursday, Jan 16, 2025
|
|||||||||
Jan 16, 11:30
|
25 days
|
TRY | Foreign Exchange Reserves (Jan/10) |
Low
|
|||||
Monday, Jan 20, 2025
|
|||||||||
Jan 20, 14:30
|
29 days
|
TRY | Central Government Debt (Dec) |
Low
|
7
|
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