S&P Global Ratings reported in its assessment of the Turkish economy that household confidence in the lira is being maintained. While the institution pointed out that the war in the Middle East could create upward pressure on inflation through energy prices, it stated that the Turkish economy has the capacity to overcome the effects of this shock.
The analysis noted that the share of foreign currency deposits in total deposits stood at 38.7 percent in September. S&P assessed that the financial impact of the fund investigation remained limited.
According to the institution's forecasts, inflation in Turkey is expected to reach 30.9 percent by the end of 2026 and 21.7 percent in 2027. On the growth side, expectations of 3 percent for 2026 and 3.7 percent for 2027 were shared.
S&P Global Ratings maintained Turkey's credit rating outlook as "stable."
News Source: 12punto
