Turkish banks slide after higher-than-expected inflation

Turkiye Is Bankasi AS

03/09/2025 09:34

** Shares in Turkish banks slide after inflation data came in hotter than expected

** The banking index .XBANK is down around 6%, while the broader benchmark index .XU100 around 2%

** Turkish monthly inflation climbed to 2.04%, above the expected 1.8% increase according to a Reuters poll

** Seda Yalcinkaya Ozer of Integral Investment says the data fuels concerns over central bank's further policy rate cuts

** Turkish central bank is to convene for a policy meeting next Thursday

** Akbank AKBNK.IS, Yapi Kredi YKBNK.IS and Is Bankasi ISCTR.IS drop between 5% and 7%

 (Reporting by Miraç Eren Dereli, Canan Sevgili)

 ((miraceren.dereli@thomsonreuters.com, canan.sevgili@thomsonreuters.com;))