CBRT May Data: Current Account Deficit Exceeds Expectations

The Central Bank of the Republic of Turkey (CBRT) released its balance of payments data for May. According to the statistics, the current account balance recorded a deficit of $1.459 billion in April, exceeding the market expectation of $1 billion. The annualized current account deficit declined for the first time since September 2025, falling to approximately $37 billion, signaling a modest improvement compared to previous months. The data indicates that the recovery in the external balance continues, albeit limited. Market analysts attribute the narrowing of the current account deficit to changes in the import-export balance. Fluctuations in energy prices and global demand conditions are among the key factors affecting Turkey's foreign trade performance. The data released by the CBRT also serves as an important indicator for future monetary policy decisions. Developments in the current account balance are closely monitored for their potential to alleviate pressures on inflation and the exchange rate. This is not investment advice.