TRY in the spotlight: latest news

Turkish police have arrested 170 suspects in nationwide counterterrorism operations aimed at dismantling Islamic State networks over the past two weeks, according to Interior Minister Ali Yerlikaya.

Natural gas futures (NG=F) are currently trading between $3.60 and $3.98 following a 200-day hiatus. This fluctuation is influenced by record U.S. LNG exports, European prices at €28 for TTF, and Asian LNG prices approaching $9.50.

The Turkish central bank unexpectedly raised its key interest rate by 350 basis points to 46% on Thursday, marking a significant reversal of its previous easing policy in response to recent market turmoil.

Private banks in Türkiye are outperforming state lenders in terms of profitability, driven by widening margins and increasing return on equity due to lower funding costs, according to a recent report.

Türkiye's November discount season significantly benefited e-commerce platforms, but physical stores did not experience a comparable increase in sales.

Türkiye achieved a budget surplus of TL 169.5 billion, approximately $4 billion, in November, as reported by official data on Monday. This surplus was primarily driven by increased revenue.

Turkey's Agriculture and Forestry Minister İbrahim Yumaklı announced on Friday that 1.046 billion lira will be allocated for agricultural support payments.

Turkey's central bank reported that the year-end consumer price inflation forecast has decreased to 31.17%, down from the previous estimate of 32.20%, based on its December market survey.

The markets surged dramatically after the Central Bank reduced the policy interest rate by 150 basis points to 38%. This decision led to the euro reaching new heights, with the dollar also achieving a record high.

The Indian rupee has reached a record low against the US dollar, falling to 90.46. This decline is attributed to challenges in trade agreements and increased corporate demand for the dollar, prompting speculation that the Reserve Bank of India may intervene to stabilize the currency.

The Turkish lira has further weakened, reaching new record lows above 42.6 per US dollar in December, marking a year-to-date decline of approximately 23%.

The global Borax Pentahydrate market experienced significant regional variations in the third quarter of 2025, with prices influenced by a complex mix of factors.

Turkey anticipates a significant decline in olive oil production, with estimates indicating a drop well below last year's record of 475,000 tonnes.

Fitch Ratings has increased Türkiye's economic growth forecast for the year from 3.5 percent to 3.8 percent.

Fitch Ratings has updated its growth forecast for the global economy, increasing it from 2.4% to 2.5% for this year and from 2.3% to 2.4% for the following year.

Fitch Ratings has increased its global and Turkish growth forecasts in its latest world economic outlook report.

Fitch Ratings has announced a 'neutral' sector outlook for Turkish banks in 2026, reflecting improved conditions alongside ongoing challenges.

Istanbul's Consumer Price Index (CPI) for November decreased to 38.3% year-on-year, down from 40.8% in October. This decline indicates possible moderation in the upcoming national CPI data, with consensus forecasts suggesting a similar trend.

Turkey's annual inflation rate decreased to 31.07% in November, falling below expectations.

The Turkish lira reached a new record low of over 42.4 per US dollar in December, marking a year-to-date decline of approximately 20%.

Gold (XAU/USD) is currently trading close to $4,225, reflecting a $150 increase this week and a 60% rise year-to-date, approaching the record of $4,250.

The IMARC Group has released a press statement detailing the trends, historical data, and future forecasts for lactic acid prices through 2025. For further insights, the report is available on openPR.com.

Finance Minister Simsek stated that the decline in inflation expectations among households and the real sector indicates progress in policy measures, which will gradually alleviate rigid pricing behaviors.

Japan's ¥21.3 trillion stimulus package, along with record yields on Japanese government bonds and increasing risks of intervention, contribute to the volatility of the USD/JPY exchange rate. Additionally, weaker U.S. economic data or signals of a dovish Federal Reserve could lead to further fluctuations in the currency pair.

BAGHDAD — Iraq's General Authority for Meteorology and Seismic Monitoring has issued a forecast for November 24 and the following days, indicating an increase in cloud cover, cooler temperatures, and a possibility of light rain across the country.