This week, renewed tensions in the Middle East dampened global risk appetite.

The price of Brent crude oil, which followed a volatile course in August, increased in the final days of the month amid escalating tensions in the Middle East.

Monthly CPI inflation came in at 1.84% in August, slightly below market expectations. Annual CPI inflation declined from 31.75% to 31.51%.

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

The central government budget posted a deficit of 378.1 billion TRY in July

In June, the current account posted a deficit of 4.2 billion USD, below the market expectations.