TRY live macro board

Turkey Macro Data Board

Turkish lira — high-inflation EM currency with a long history of rapid depreciation and unconventional policy.

The Turkish lira (TRY) is the official currency of Turkey. It has been one of the most volatile EM currencies of the past decade, marked by extreme inflation, rapid currency depreciation, and a series of unorthodox monetary policy experiments.

Open USD/TRY dashboard Latest readings Release calendar Turkey indicators API coverage

Turkey release calendar

Upcoming and recent macro events for the TRY country view.

Top tier
Central Bank Policy Rate CBRT Monetary Policy Committee meeting schedule

Policy Rate

Latest
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Prior
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Open series
Top tier
Central Bank Policy Rate CBRT Monetary Policy Committee meeting schedule

Policy Rate

Latest
--
Prior
--
Open series
Top tier
Central Bank Policy Rate CBRT Monetary Policy Committee meeting schedule

Policy Rate

Latest
--
Prior
--
Open series
Top tier
Central Bank Policy Rate CBRT Monetary Policy Committee meeting schedule

Policy Rate

Latest
--
Prior
--
Open series
Top tier
Central Bank Policy Rate CBRT Monetary Policy Committee meeting schedule

Policy Rate

Latest
--
Prior
--
Open series
Top tier
Central Bank Policy Rate CBRT Monetary Policy Committee meeting schedule

Policy Rate

Latest
--
Prior
--
Open series

TRY currency market profile

Core identifiers, trading context, and product links for the TRY market.

Currency code
TRY

Turkish Lira

Policy institution
Central Bank of the Republic of Turkey

Primary central-bank or monetary authority reference.

Primary USD pair
USD/TRY

Fast path into the FX pair dashboard and market profile.

Trading session
London

Approximate primary liquidity window used across FXMacroData pages.

Symbol
₺

Display symbol used in product surfaces.

Also known as
lira

Common market shorthand where available.

Turkey macro brief

The highest-signal pages for Turkey include Central Bank Policy Rate, Inflation Rate (CPI/HICP), Core Inflation, Producer Price Index (PPI), with each page linking back to the source metadata, release history, and API endpoint.

The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee sets the one-week repo rate at twelve monthly meetings per year. After a period of unconventional easing, the CBRT has been pursuing a return to orthodox inflation-targeting since 2023.

For TRY research, combine the country-level release map with the USD/TRY dashboard, release calendar, and API reference so macro events, source metadata, and FX context stay connected.

The pages below are organized by indicator rather than API route. That keeps the public website useful for research while still preserving the versioned API contract for developers.

What to watch
  • CBRT monthly policy decision and inflation report.
  • Turkey monthly CPI release.
  • CBRT FX reserves (gross and net).
  • Trade balance and tourism inflows.
  • USD/TRY spot and TRY-denominated bond yields.

Turkey source map

Publisher groups represented in the checked-in coverage catalogue for this market.

TurkStat 9 series
CBRT 6 series
ABS 3 series
Ministry of Treasury and Finance 3 series
Central Bank 3 series
RBA 2 series
Central Bank of the Republic of Turkey 1 series
Official source 1 series

Turkey coverage by category

The country hub keeps rate, inflation, labour, growth, trade, credit, and market data grouped into the same reusable structure across countries.

Economy 10 / 10
Labor Market 5 / 5
Money & Credit 3 / 3
Monetary Policy 2 / 2
Government Bond Yields 5 / 5
Additional Indicators 3 / 3

Key Turkey indicators

Highest-signal tracked releases for rates, inflation, growth, labour markets, and external balances.

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

Published page ~8x/year % Starts pending Monetary Policy
Open page

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Published page Monthly %YoY Starts pending Economy
Open page

Core Inflation

CPI excluding volatile items like food and energy.

Published page Quarterly %YoY Starts pending Economy
Open page

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Published page Monthly %YoY Starts pending Economy
Open page

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Published page Quarterly TRY bn Starts pending Economy
Open page

Unemployment Rate

Percentage of the labor force that is unemployed.

Published page Monthly % Starts pending Labor Market
Open page

Trade Balance

The difference between the value of a country's exports and imports.

Published page Monthly USD mn Starts pending Economy
Open page

Retail Sales

Measures change in the total value of sales at the retail level.

Published page Monthly %YoY Starts pending Economy
Open page

Published Turkey indicator pages

Filter by indicator name, source, cadence, or category.

Economy 10 pages

Business Confidence

Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.

Monthly Index (0-100 normalized) Starts pending
Country page Country list

Consumer Confidence

Survey-based measure of consumers' confidence in economic conditions, employment prospects, and personal finances.

Monthly Index (0-100 normalized) Starts pending
Country page Country list

Core Inflation

CPI excluding volatile items like food and energy.

Quarterly %YoY Starts pending
Country page Country list

Current Account Balance

Measures trade in goods and services and income flows.

Monthly USD mn Starts pending
Country page Country list

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Quarterly TRY bn Starts pending
Country page Country list

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Monthly %YoY Starts pending
Country page Country list

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Monthly %YoY Starts pending
Country page Country list

Retail Sales

Measures change in the total value of sales at the retail level.

Monthly %YoY Starts pending
Country page Country list

Trade Balance

The difference between the value of a country's exports and imports.

Monthly USD mn Starts pending
Country page Country list

Trade-Weighted Index (NEER)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Monthly Index (2003=100) Starts pending
Country page Country list
Labor Market 5 pages

Labor Force Participation Rate

Ratio of the labor force to the working-age population.

Monthly % Starts pending
Country page Country list

Unemployment Rate

Percentage of the labor force that is unemployed.

Monthly % Starts pending
Country page Country list
Money & Credit 3 pages

Narrow Money (M1)

Currency in circulation + transaction deposits. RBNZ column A.

Monthly TRY mn Starts pending
Country page Country list

M2 Money Supply

M1 + savings deposits (on-call). RBNZ derived: column A + B1.

Monthly TRY mn Starts pending
Country page Country list

Broad Money (M3)

M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).

Monthly TRY mn Starts pending
Country page Country list
Monetary Policy 2 pages

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

~8x/year % Starts pending
Country page Country list
Government Bond Yields 5 pages
Additional Indicators 3 pages

Tracked Turkey data catalogue

Coverage families already represented in the FXMacroData catalogue, including pages whose detailed docs are still pending.

Economy 10 tracked

Business Confidence

Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.

Published page Monthly Central Bank of the Republic of Turkey Starts pending
Country page Compare countries

Consumer Confidence

Survey-based measure of consumers' confidence in economic conditions, employment prospects, and personal finances.

Published page Monthly Official source Starts pending
Country page Compare countries

Current Account Balance

Measures trade in goods and services and income flows.

Published page Monthly TurkStat Starts pending
Country page Compare countries

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Published page Quarterly TurkStat Starts pending
Country page Compare countries

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Published page Monthly TurkStat Starts pending
Country page Compare countries

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Published page Monthly TurkStat Starts pending
Country page Compare countries

Retail Sales

Measures change in the total value of sales at the retail level.

Published page Monthly TurkStat Starts pending
Country page Compare countries

Trade Balance

The difference between the value of a country's exports and imports.

Published page Monthly TurkStat Starts pending
Country page Compare countries

Trade-Weighted Index (NEER)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Published page Monthly CBRT Starts pending
Country page Compare countries
Labor Market 5 tracked

Labor Force Participation Rate

Ratio of the labor force to the working-age population.

Published page Monthly TurkStat Starts pending
Country page Compare countries

Unemployment Rate

Percentage of the labor force that is unemployed.

Published page Monthly TurkStat Starts pending
Country page Compare countries
Money & Credit 3 tracked

Narrow Money (M1)

Currency in circulation + transaction deposits. RBNZ column A.

Published page Monthly CBRT Starts pending
Country page Compare countries

M2 Money Supply

M1 + savings deposits (on-call). RBNZ derived: column A + B1.

Published page Monthly CBRT Starts pending
Country page Compare countries

Broad Money (M3)

M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).

Published page Monthly CBRT Starts pending
Country page Compare countries
Monetary Policy 2 tracked

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

Published page ~8x/year CBRT Starts pending
Country page Compare countries
Government Bond Yields 5 tracked
Additional Indicators 3 tracked

TRY market drivers

Evergreen macro forces to keep beside the country data table.

Driver 1

CBRT one-week repo rate and policy guidance.

Driver 2

Turkey CPI and core CPI (CBRT's preferred 'C' measures).

Driver 3

Real interest rate (policy rate minus inflation) — a key credibility gauge.

Driver 4

FX reserves and CBRT intervention activity.

Driver 5

Current-account deficit and external financing needs.

Driver 6

Geopolitical risk and regional security developments.

TRY questions traders ask

Currency-specific context that helps interpret the country data before moving into endpoints or dashboards.

Why has the Turkish lira lost so much value?

TRY's depreciation reflects persistently high inflation, periods of deeply negative real interest rates, a structural current-account deficit, geopolitical risk premia, and policy choices that prioritised growth over FX stability for several years.

What is the CBRT's current policy framework?

Since mid-2023 the CBRT has been transitioning back to orthodox inflation-targeting, with a stated commitment to maintain a tight monetary stance until disinflation is firmly established and inflation expectations re-anchor.

Is the Turkish lira freely convertible?

Yes, TRY is generally convertible, though Turkish authorities have introduced various measures over time — including FX-protected deposit schemes (KKM) — to manage residents' demand for hard currency.

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