M3 money supply increased by 41.8% year-on-year in February.

Foreks - The broad money supply M3 grew by 41.8% year-on-year in February 2025, following a 41.7% increase in January 2025. According to the Central Bank of Turkey (TCMB), the annual growth rate of the narrowest money definition, M1, was 29.7% in the previous month, decreasing to 29.4% in February.

The statement indicated that the annual growth rate of loans extended by the monetary sector to households was 42.5% in January 2025, dropping to 39.6% in February 2025. Loans to non-financial institutions increased by 36.9% year-on-year in January 2025, slowing to 36.1% in February. A detailed analysis of the components contributing to the annual growth of the money supply revealed that time deposits were the largest contributor, followed by demand deposits. In February 2025, the increase in time deposits accounted for 23.8% of the annual growth, while demand deposits contributed 12.1%.