Key Indicators

Disinflation

Year-End Inflation

30.89 %

(December 2025)

- 13.49 % Points

Reserves

Gross Reserves

USD 184.1 billion

(December 31, 2025)

+ USD 29 billion

Turkish lira
Deposit Share

60.9 %

(December 31, 2025)

+ 1.7 % Points

Currency-Protected Deposit Balance

USD 0.2 billion

(December 31, 2025)

- USD 32.8 billion

Balance of Payments

Current Account Deficit

(12-month cumulative)

USD 30.1 billion

(December 2025)

+ USD 17.1 billion

Access to External Financing

CDS

205

(December 31, 2025)

- 58 Points

Treasury’s
External Borrowing
Cost

(End of 2025)

5.45 %

- 1.23 % Points

Banking Sector’s External
Borrowing
Cost

(End of 2025)

5.6 %

- 0.9 % Points

Sectoral Expectations

Sectoral Inflation Expectations

(12-Month Ahead, %)

Market Participants

23.4 %

(December 2025)

- 3.7 % Points

Real Sector

34.8 %

(December 2025)

- 12.8 % Points

Households

50.9 %

(December 2025)

- 12.2 % Points

Up