The banking sector's deposits decreased

Turkey’s banking sector total deposits fell by 109.73 billion lira in the week ended October 30, dropping to 34.11 trillion lira from the prior week, according to the sector data cited in the article. The decline marks a weekly contraction in the country’s deposit base, a key funding source for Turkish banks. The data does not break out lira versus foreign-currency deposits, leaving the driver of the drop unclear. Investors will watch upcoming weekly releases and central bank data for whether the outflow continues and how it affects bank funding costs and lira liquidity.