The talks between the US, Israel, and Iran, as well as the news regarding US companies’ first-quarter earnings and the IMF’s April World Economic Outlook report were followed. After the ceasefire in Lebanon, Iranian foreign minister’s announcement today that commercial vessels would be allowed to pass through the Strait of Hormuz during the ceasefire period triggered a sharp drop in oil prices.

The central government budget recorded a deficit of 229.9 billion TRY in March.

In February, the current account deficit reached 7.5 billion USD, its highest level since April 2025.

Geopolitical developments remained in the focus of the markets.

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.