Turkey news 2026: central bank holds rates as inflation cools and lira stabilises

Turkey's central bank maintained its key policy rate, citing progress on core inflation but warning against premature easing while services prices remain sticky in Istanbul and Ankara. The lira traded steadily in offshore sessions as tourism revenues from Mediterranean resorts climbed into the summer peak.

Istanbul manufacturers requested targeted credit lines for export upgrades ahead of EU sustainability rules on textiles and footwear. Opposition mayors highlighted municipal debt burdens after earthquake-reconstruction spending in southern provinces.

Analysts said net reserves improved modestly thanks to currency swap lines and steady portfolio inflows into local bonds. Retailers along the Aegean coast reported strong early bookings from European visitors.

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