Turkey Private Sector Credit
Turkey · Monthly series · EC-TR-PSC
Latest, September 2026
21.88T TRY
+1.8% from August 2026
Forecast
Forecast for September 2027: 27.14T TRY, with an 80% interval of 21.29T TRY to 32.58T TRY.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| October 2026 | 22.38T TRY | 21.96T TRY | 22.89T TRY |
| November 2026 | 22.79T TRY | 22.04T TRY | 23.70T TRY |
| December 2026 | 23.24T TRY | 22.34T TRY | 24.27T TRY |
| January 2027 | 23.69T TRY | 22.40T TRY | 25.04T TRY |
| February 2027 | 24.13T TRY | 22.21T TRY | 26.24T TRY |
| March 2027 | 24.63T TRY | 22.54T TRY | 26.80T TRY |
| April 2027 | 25.00T TRY | 22.65T TRY | 27.37T TRY |
| May 2027 | 25.46T TRY | 21.68T TRY | 29.03T TRY |
| June 2027 | 25.88T TRY | 22.26T TRY | 29.43T TRY |
| July 2027 | 26.33T TRY | 21.57T TRY | 30.96T TRY |
| August 2027 | 26.74T TRY | 21.38T TRY | 31.89T TRY |
| September 2027 | 27.14T TRY | 21.29T TRY | 32.58T TRY |
AI confidence
Supported evidenceThe point forecast beat the no-change baseline overall and in a majority of the evaluated tests.
Model: Agentic Investor TSFM (foundation model)
- Accuracy vs naive
- +59%Beats the no-change baseline over 12 tests (12 tests, 10 won)
- Direction
- 89%Beats a coin flip (128 of 144 calls right in 12 tests)
- Turning points
- 0 of 15Anticipated no turn, as the no-change baseline does (15 turns in 12 tests, 6 without a turn)
- Error vs baseline
- 59% lowerError ratio 0.41; 1.00 is a tie.
- Tests won
- 10 / 12Complete rolling backtests; ties count as no win.
- Test period
- 2014-10-01 to 2026-09-0112 observations ahead per test.
- 80% band coverage
- 83%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-14 against the cached history through 2026-09-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.
Reading
That is the highest of the 120 readings since October 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| September 2026 | 21.88T TRY |
| August 2026 | 21.50T TRY |
| July 2026 | 21.04T TRY |
| June 2026 | 20.57T TRY |
| May 2026 | 20.03T TRY |
| April 2026 | 19.62T TRY |
| March 2026 | 19.09T TRY |
| February 2026 | 18.56T TRY |
| January 2026 | 18.12T TRY |
| December 2025 | 17.73T TRY |
| November 2025 | 17.07T TRY |
| October 2025 | 16.58T TRY |
| September 2025 | 16.25T TRY |
| August 2025 | 15.91T TRY |
| July 2025 | 15.49T TRY |
| June 2025 | 15.09T TRY |
| May 2025 | 14.66T TRY |
| April 2025 | 14.16T TRY |
| March 2025 | 13.61T TRY |
| February 2025 | 13.05T TRY |
| January 2025 | 12.69T TRY |
| December 2024 | 12.39T TRY |
| November 2024 | 11.97T TRY |
| October 2024 | 11.73T TRY |
Source
Data: public market data feeds.
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