Turkey's CDS has fallen by approximately 350 basis points in the last six months

Turkey's CDS, which was at the 700 basis point level in May, has declined by approximately 350 basis points over the last six months, falling below the 350 basis point threshold.

Following the remarks by CBRT Governor Hafize Gaye Erkan during the latest Inflation Report presentation, which demonstrated a commitment to the fight against inflation, the decline in Turkey's CDS accelerated again, dropping to around 365 basis points on Friday, November 3. Continuing its downward trend, the CDS is currently at 348.2 basis points today.

The decline in CDS, which also reflects foreign investor interest in Turkish lira assets, continues alongside the CBRT's decisive steps toward establishing disinflation, Turkey's continued efforts to increase access to external financing, and positive signals from meetings held with foreign investors, despite ongoing geopolitical risks.