The dollar started the second day of the week on a calm note. With the CBRT’s controlled exchange rate policy, the pass-through of exchange rates to inflation is reduced.
Dollar/TL continued to lag behind inflation with an increase of 1.58 percent in the last month. This shows that exchange rates continue to contribute to the disinflation process.
Foreign banks expect 2 interest rate cuts from the CBRT by the end of the year. CBRT has 2 meetings left until the end of the year. The first meeting is on October 22, 2026 and the second meeting is on December 10, 2026. There are no meetings in November.
The common consensus of the banks is that the CBRT will cut 100 basis points in both meetings.
On the other hand, after oil prices reached 110 dollars, diesel prices started to be followed. With the increase made yesterday, diesel fuel reached 100 lira.
The Fed will announce its interest rate decision tomorrow. The figures regarding the US economy announced in recent weeks showed the vitality of the US economy. The White House said that they will support any decision the Fed announces.
Anthropic’s founder Amodei’s call to slow down is being responded to. Nvidia has chosen to slow down some AI models. Trump rejected the call to slow down. China described this statement as a cold war.
Budget balance figures will be followed today.
On the other hand, the fluctuation in US 10-year bonds is also closely followed by global markets. Bonds opened this morning at the highest level since 2007.
