Markets focus on budget negotiations and Central Bank calendar in November
In the Turkish economy, November will feature an intense agenda with the budget marathon at the Grand National Assembly of Türkiye (TBMM), the Central Bank's inflation report presentations, and critical data to be released by TurkStat (TÜİK).
Throughout November, markets will closely monitor the budget negotiations continuing in the TBMM Planning and Budget Committee, as well as economic data to be announced by the Central Bank and TurkStat.
Deliberations on the 2027 Central Government Budget Law Proposal at the TBMM Planning and Budget Committee will continue until November 27. Following the committee process, the budget proposal will be moved to the TBMM General Assembly. During the same period, developments regarding the structure and functioning of the Minimum Wage Determination Commission will also be monitored ahead of the minimum wage negotiations scheduled to begin in December.
In the economic data calendar, Trade Minister Ömer Bolat is expected to announce October foreign trade data on November 3, and TurkStat is expected to announce October inflation data. Central Bank Governor Fatih Karahan will present the final Inflation Report of the year on November 12. The Bank will also publish the balance of payments on November 13 and the second Financial Stability Report on November 27.
TurkStat's November calendar includes the planned release of the September industrial production index on November 10, housing and workplace sales statistics on November 17, and foreign trade and labor force data on November 30.
Sources
- trthaber.com · Link