How much will the minimum wage be, what percentage increase will there be? When will the new minimum wage be announced?

Turkey’s Minimum Wage Determination Commission is set to hold its first meeting next month to set the 2025 minimum wage, with experts circulating competing forecasts for the size of the increase. The commission, which brings together government, employer and worker representatives, typically announces the new rate in December ahead of its January implementation. The decision matters because the minimum wage serves as a benchmark for a wide range of wages, social payments and severance calculations, and it feeds directly into year-end inflation dynamics. Markets will watch the announced percentage increase as a signal of the government’s wage and disinflation policy, and any figure well above expected inflation would raise questions about the pace of price growth in early 2025.