26.11.2025 11:40
Last year, the famous bank HSBC, which accurately predicted the minimum wage increase, has made a forecast for 2026 as well. According to the new report of the British financial institution regarding the Turkish economy, a 20% increase in the minimum wage is expected in 2026, raising the figure to 26,524 TL.
Last year, the British financial institution HSBC, which accurately predicted the minimum wage increase, announced in its new report regarding the Turkish economy that it expects a 20% increase in the minimum wage in 2026.
The UK-based bank forecasted that the minimum wage will rise to 26,524 TL in the new year in the report, which evaluated the effects of the current economic outlook and monetary policy.
THE REPORT ALSO CONTAINED "OPTIMISTIC" ESTIMATES
The report included estimates that economists described as "optimistic." Accordingly, it was stated that by the end of 2026, inflation would be 20% and the policy interest rate would be 25.5%.
Thus, HSBC predicts that there will be only a 13% increase in the dollar/TL exchange rate for the next year. The bank also added that the rapidly increasing dollarization this year will not significantly decline by 2025 in its report.
"THE INCREASE MAY AGAIN FALL BELOW INFLATION"
Following the Central Bank of the Republic of Turkey's (CBRT) increase of its year-end inflation forecast to a range of 31-33%, it is evaluated that the minimum wage increase may again fall below inflation, just like last year.
Economists report that due to the effects of the current tight monetary policy, the government plans an increase in the range of 20-25%. If this scenario occurs, millions of workers will have to survive on low "poverty wages" with diminished purchasing power against high inflation.