Next week, inflation and industrial production data will be released in major economies. In Türkiye, the balance of payments and central government budget figures stand out in the busy data agenda.

In September, as concerns grew that persistently high energy prices could entrench inflationary pressures, the Fed, the ECB, and the BoJ raised their policy rates.

Monthly CPI inflation came in at 1.84% in September, parallel to its August level and below the expectations in both the Reuters poll (2.30%) and the Survey of Market Participants (2.12%). Accordingly, annual CPI inflation declined from 31.51% to 29.73%, falling below the 30% level for the first time since November 2021.

Central government budget posted a surplus of 12.9 billion TRY in August.

The 12-month cumulative current account deficit rose to 40.7 billion USD.

Turkish economy grew by 2.3% yoy in the second quarter.