Turkey’s central bank raises year-end inflation forecast to 29.5 percent
Published . Updated .
Key takeaways
- Turkey’s central bank on Thursday raised its year-end inflation forecast to 29.5 percent from 28 percent, citing supply-side pressures stemming from the Iran war and broader geopolitical tension.
- Exposed: TUR, CEW, EMB, EMLC, EEM
- Market reaction: TUR +0.3% on the day; EEM −1.5% on the day; EMB −0.8% on the day
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Turkey’s central bank on Thursday raised its year-end inflation forecast to 29.5 percent from 28 percent, citing supply-side pressures stemming from the Iran war and broader geopolitical tension. “Supply-side shocks caused by geopolitical developments are limiting the decline in
Directly affected
- No company is named in this report.
Indirectly affected
- ITA iShares U.S. Aerospace & Defense ETF
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- XAR SPDR S&P Aerospace & Defense ETF
SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- TUR iShares MSCI Turkey ETF
iShares MSCI Turkey ETF holds stocks listed in Turkey, which this story is about (“turkey”).
- CEW WisdomTree Emerging Currency Strategy Fund
WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Turkey.
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Turkey
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Turkey.
- EEM iShares MSCI Emerging Markets ETF
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Turkey
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| ITA | -7.07% | -2.20% | base | -2.16% | after close | after close | after close |
| XAR | -10.74% | -1.42% | base | -2.06% | after close | after close | after close |
| TUR | -4.19% | +1.13% | base | +0.30% | after close | after close | after close |
| CEW | +0.00% | +0.00% | base | — | after close | after close | after close |
| EMB | -0.03% | +0.53% | base | -0.81% | after close | after close | after close |
| EMLC | +0.45% | +1.06% | base | -0.57% | after close | after close | after close |
| EEM | -6.42% | -1.63% | base | -1.52% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Turkey’s central bank raises year-end inflation forecast to 29.5 percent Turkish Minute
Source: Turkish Minute
The price since 12 Nov 2026: Ishares (TUR) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Wisdomtree Tr (CEW) | three days earlier | 0.00% | final price |
| Wisdomtree Tr (CEW) | five days earlier | 0.00% | final price |
| Ishares Tr (EEM) | that day | -1.52% | final price |
| Ishares Tr (EEM) | three days earlier | -1.63% | final price |
| Ishares Tr (EEM) | five days earlier | -6.42% | final price |
| Ishares Tr (EMB) | that day | -0.81% | final price |
| Ishares Tr (EMB) | three days earlier | +0.53% | final price |
| Ishares Tr (EMB) | five days earlier | -0.03% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | that day | -0.57% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | three days earlier | +1.06% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | five days earlier | +0.45% | final price |
| ITA | that day | -2.16% | final price |
| ITA | three days earlier | -2.20% | final price |
| ITA | five days earlier | -7.07% | final price |
| Ishares (TUR) | that day | +0.30% | final price |
| Ishares (TUR) | three days earlier | +1.13% | final price |
| Ishares (TUR) | five days earlier | -4.19% | final price |
| XAR | that day | -2.06% | final price |
| XAR | three days earlier | -1.42% | final price |
| XAR | five days earlier | -10.74% | final price |
Who gains and who loses around Ishares (TUR)
Companies carried with this story
- TUR Ishares
Ishares (TUR) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Turkey’s central bank raises year-end inflation forecast to 29.5 percent.” Reason on file: iShares MSCI Turkey ETF holds stocks listed in Turkey, which this story is about (“turkey”)
- CEW Wisdomtree Tr
In “Turkey’s central bank raises year-end inflation forecast to 29.5 percent,” Wisdomtree Tr (CEW) is linked, with no stored direction, medium confidence. Reason on file: WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Turkey
- EMB Ishares Tr
In “Turkey’s central bank raises year-end inflation forecast to 29.5 percent,” Ishares Tr (EMB) is linked, with no stored direction, medium confidence. Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Turkey
- EMLC Vaneck J. P. Morgan Em Local Currency Bond Etf
For “Turkey’s central bank raises year-end inflation forecast to 29.5 percent,” Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence. Reason on file: VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Turkey
- EEM Ishares Tr
For “Turkey’s central bank raises year-end inflation forecast to 29.5 percent,” Ishares Tr (EEM) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Turkey
Ishares (TUR)
On 12 Nov 2026, “Turkey’s central bank raises year-end inflation forecast to 29.5 percent” is the story that connects Ishares (TUR) to this story.
Ishares (TUR) is on the page because iShares MSCI Turkey ETF holds stocks listed in Turkey, which this story is about (“turkey”)
Also listed, Wisdomtree Tr (CEW): WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Turkey
Dates in the story, and the Ishares (TUR) price range
EMB traded between 90.23 and 91.35 across 6 sessions. The latest close on file is 91.26. TUR traded between 29.38 and 34.51 across 20 sessions. The latest close on file is 30.15.
How strong the case is around Ishares (TUR)
40 out of 100
“Turkey’s central bank raises year-end inflation forecast to 29.5 percent” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.