TRY in the spotlight: latest news

Turkey's central bank has increased its official inflation forecast range for the end of 2025 to between 31% and 33%, as announced in its latest quarterly assessment on November 7.

Pluxee NV announced its Q3 2025 earnings, reporting revenues of €310 million, which exceeded analysts' expectations significantly.

The Euro to Swedish Krona (EUR/SEK) exchange rate remained stable at approximately 11.03 on Friday, showing minimal change throughout the week as the Swedish krona demonstrated strong resilience.

The USD/ZAR exchange rate concluded the week at approximately 17.32, showing minimal variation from Monday's opening levels, as the South African rand maintained its position.

The Swiss franc remains strong as we approach the end of the year, driven by persistent safe-haven demand despite a recovery in broader risk assets. Analysts at UBS suggest that the EUR/CHF exchange rate could face risks of dropping to 0.92 due to potential shocks, while a recovery could push it up to 0.94.

The President of the Central Bank of the Republic of Turkey, Fatih Karahan, announced the release of the fourth inflation report of the year, which includes updated inflation forecasts.

Turkey's central bank has maintained its interim inflation target of 16% for the end of 2026. Governor Fatih Karahan emphasized the commitment to this target during a recent announcement.

The Central Bank of the Republic of Türkiye (CBRT) has announced updated year-end inflation forecasts, projecting rates between 31 and 33 percent. The bank also anticipates that inflation will range from 13 to 19 percent by 2026, indicating ongoing inflationary pressures in the economy.

Turkey's central bank reaffirmed its interim inflation target of 16% for the end of 2026 on Friday, despite facing recent price pressures.

Türkiye's Central Bank has confirmed its interim inflation targets for 2025, 2026, and 2027, setting them at 24 percent, 16 percent, and 9 percent, respectively.

Türkiye's central bank has increased its inflation forecast for 2025 to a range of 31% to 33%. The interim target remains at 24%, while the target for 2026 is set at 16%.

Rabobank forecasts that the US Dollar to Brazilian Real (USD/BRL) exchange rate will stabilize at 5.55 by the end of 2025. On Friday, the exchange rate remained steady at around 5.35, with the Brazilian Real exhibiting minimal fluctuations amidst ongoing trade activities.

Anadolu Efes announced strong third-quarter results for 2025, exceeding market predictions for both earnings per share (EPS) and revenue.

Turkcell reported a net profit of 5.40 billion lira for the third quarter, marking a decline compared to the previous year. The company anticipates an EBITDA margin of approximately 42% to 43% by 2025.

The Euro to Polish Zloty (EUR/PLN) exchange rate remained stable at approximately 4.83 on Wednesday, as investors anticipated the upcoming policy decisions from the National Bank of Poland.

The exchange rate between the US Dollar and Mexican Peso (USD/MXN) remained stable on Wednesday, hovering around 18.61 as the currency pair continued its consolidation trend. Rabobank forecasts that this sideways trading is expected to persist into 2026.

FX analysts at RBC Capital Markets predict that the USD/CNY exchange rate will gradually strengthen to 7.00 by the end of 2026, driven by consistent trade surpluses and the expanding global use of the Chinese yuan.

Turkey's monthly inflation rate for October is projected to reach 2.83%, largely fueled by increases in clothing and food prices. The year-end inflation rate is anticipated to be around 32%.

Türkiye continues to grapple with inflation as the pace of disinflation slows down, presenting ongoing economic challenges for the country.

For a detailed analysis of the monthly foreign exchange outlook, please download the PDF available above, which includes information on the Australian dollar, New Zealand dollar, Canadian dollar, Norwegian krone, and Swedish krona.

Turkey's monthly inflation rate for October is projected to reach 2.83%, influenced by increases in clothing and food prices. The year-end inflation is anticipated to be around 32%.

Ozak AI is gaining interest from investors; however, DeepSnitch AI has already experienced a 37% increase after raising $500,000. This Telegram-native AI presale is drawing attention for its promising potential.

Türkiye's inflation rate for October 2025 is expected to reach approximately 2.83 percent, reflecting a significant decrease compared to earlier months. The year-end inflation forecast has been adjusted to 28.5 percent, coinciding with an increase in the economic confidence index, which now stands at 98.2.

Türkiye's disinflation process is progressing as planned, according to Treasury and Finance Minister Mehmet Şimşek, who stated on Friday that recent price data do not change this perception.

Turkey's monthly inflation rate is projected to reach 2.83% in October, primarily due to increases in clothing and food prices. The year-end inflation rate is anticipated to be around 32%.