As Turkey's inflation dips to 35%, will central bank pivot on interest rates? Inflation has slowed to the lowest level since 2021, sparking speculation that the central bank could resume easing monetary policy amid mounting pressure on Turkey's finance chief — but analysts caution against a rush. Turkey
Analysis Can Turkey's Hurjet deal with Spain propel it into NATO’s defense market? Spain’s choice of Turkey’s Hurjet reflects Ankara’s growing credibility as an arms supplier, increasing the prospect of broader cooperation in Europe’s defense sector. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
India wages economic war on Turkey for supporting Pakistan in Kashmir Turkish business interests are taking a hit as India retaliates against Ankara’s backing of Pakistan on Kashmir. Turkey
New German government to decide on Eurofighter sale to Turkey: Officials Germany’s outgoing government will leave the Eurofighter sale decision to incoming Chancellor Friedrich Merz, official German sources suggested to Al-Monitor. Turkey
Turkey’s new Central Bank chief says new hikes on table if inflation deepens Turkey's new Central Bank chief, Fatih Karahan, signals that interest rate cuts are far off and that new hikes may be on the table, depending on the inflation outlook. Turkey
With $104 billion in damages, Turkey’s earthquake region sees slow recovery Turkey’s quake victims can hardly hope for a faster recovery, as Ankara seems to be keeping the pace of reconstruction tied to its overall economic roadmap, wary of overheating the fragile economy. Turkey
Breaking | Last Updated: February 2, 2024, 6:35 pm Turkey names Fatih Karahan as Central Bank chief after Erkan's resignation Gaye Erkan's resignation comes after a series of allegations by former and current Central Bank employees accusing Erkan of unethical conduct. Turkey
Turkey’s Central Bank raises interest rates to 45% A pause in hikes will follow, ahead of upcoming local elections in March, when Turkish President Recep Tayyip Erdogan is looking to regain control of key cities. Turkey
Turkey's first female central bank chief faces potential axe amid nepotism claims The question concerning Hafize Gaye Erkan's dismissal is increasingly not "if" but "when," observers say. Turkey
Turkey’s year-end inflation soars to almost 65% Newly announced minimum wage hikes and upcoming pay raises for public servants, workers and pensioners bode a resurgence of price spikes across the board. Turkey
Turkey’s exports to Saudi Arabia, UAE and Russia shoot up in 2023: Erdogan The Turkish president also said the country’s total export revenues reached an all-time high. Turkey
2023 in review: From disaster to diplomacy, a climactic year for Turkey Ankara and NATO capitals are once again at loggerheads despite Turkey’s restoration vision put forward after the May elections. Turkey
Is Turkey-Egypt rapprochement turning into a long-term defense partnership? Rapidly improving defense cooperation between Cario and Ankara falls in line with Turkey's multidimensional strategic outlook, observes believe. Turkey
Turkey’s Central Bank delivers moderate rate hike The bank said it has slowed the pace of monetary tightening, assessing that it is close to the level required to establish a course of disinflation. Turkey
Turkey's Erdogan declares 'new era' with Greece on landmark visit The Turkish and Greek leaders vowed to maintain good neighborly relations in the interest of peace in the Agean Sea region. Turkey
What is behind Turkey’s inflation spike to 61.9% in November? November's consumer prices also rose by 3.28%, data released by the Turkish Statistical Institute showed on Monday. Turkey
