Geopolitical developments remained in the focus of the markets.

In the early days of the week, oil prices declined following remarks suggesting that a ceasefire could be on the table. However, oil prices rebounded after President Trump stated that they are going to hit Iran “extremely hard” over the next two to three weeks.

The central government budget recorded a surplus of 24.4 billion TRY in February.

In January, the current account balance recorded a deficit of 6.8 billion USD, exceeding market expectations.

Consumer prices rose by 2.96% on a monthly basis in February, in line with market expectations. The increase in food prices continued to be a key driver of CPI inflation.

The Turkish economy grew by 3.6% in 2025.