03.03.2025 14:10
The Turkish Statistical Institute (TÜİK) announced that the inflation rate for February increased by 2.27% compared to the previous month, by 7.42% compared to December of the previous year, and by 39.05% compared to the same month of the previous year. The fact that inflation has fallen below 40% for the first time in 20 months had a positive impact on Borsa Istanbul. The BIST 100 index rose by 3.58%, while the BIST 30 index increased by 4.13%.
After the low inflation data for February, Borsa Istanbul took off. Stocks soared as they continued to rise. Especially led by the banking index, the 10,000-point mark was surpassed.
INFLATION CAME IN LOWER THAN EXPECTED
TÜİK announced the inflation data for February. In February, the annual inflation rate was 39.05%, and the monthly inflation rate was 2.27%. Thus, the annual inflation fell below 40% for the first time since December 2021. Following the lower-than-expected inflation, the BIST 100 index in Borsa Istanbul began to rise.
The BIST 100 index in Borsa Istanbul started the week at 9,748.03 points, up 0.92%. As of 13:59, the BIST 100 index reached 10,007 points with a daily increase of 3.78%.
With the inflation coming in below expectations, the likelihood of a rate cut in the interest rate meeting scheduled for Thursday, March 6, strengthened, leading to a surge in the banking index. The increase in the banking index exceeded 7%.
FENERBAHÇE SHARES ALSO SOARED
After Galatasaray drew with Kasımpaşa in the Super League, Fenerbahçe defeated Antalyaspor, reducing the point difference with the leader Cimbom to 4, and hit the ceiling in the stock market. The shares of the yellow-navy club rose by 9.95% to 52.80 TL. Meanwhile, Galatasaray's shares fell by 2.16% to 1.81 TL.