Weekly Bulletin - October 9, 2026

During a week marked by ongoing uncertainty regarding tensions in the Middle East, the minutes of the Fed’s September 15–16 meeting were also closely watched. The minutes, which pointed to growing concerns about the trajectory of inflation, revealed that most members expected one more rate hike by the end of the year. In Türkiye, monthly CPI inflation in September came in below the expectations at 1.84% and annual CPI inflation stood at 29.73%, falling below the 30% level for the first time since November 2021. Meanwhile, industrial production in August declined by 1.0% mom and 1.9% yoy. The Treasury cash balance posted a deficit of 467.2 billion TRY in September. Next week, as well as inflation and industrial production data in major economies, IMF’s World Economic Outlook Report will be released. In Türkiye, a busy data calendar will be monitored, focusing primarily on the balance of payments and the budget balance. On the final trading day of the week, during which developments in the Middle East and oil price trends will continue to be closely monitored, S&P is expected to publish its credit rating assessment for Türkiye.