Turkey economic and legal developments

Fatih Karahan, addressing the TÜGİAD Ankara Meeting, discussed Turkey's monetary policy and economic outlook. He noted that tight monetary policy is supporting disinflation by slowing domestic demand. While he observed a decline in the main trend of inflation, he warned of continued volatility in food prices and high energy costs due to geopolitical risks.

In legal developments, Fatma Betül Sayan Kaya, her husband İlyas Kaya, and former Capital Markets Board (SPK) President İbrahim Ömer Gönül appeared at the courthouse to provide testimony as suspects in a fund-related investigation. The probe involves questions regarding the source of 163 million lira.

Separately, Cafer Tufan Yazıcıoğlu, legal advisor to the Turkish Retirees Association (TÜED), called for a comprehensive review of the social security system. He advocated for pension adjustments based on the cost of living and emphasized that unions and retiree organizations should be included in the decision-making process.