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 central bank mulls giant interest rate hike up to 10% to fight inflation Alarmed by resurging price increases, central bank officials reportedly believe that a rate hike of up to 10 percentage points is an inevitable part of monetary tightening to tackle inflation. Turkey
Which 5 Turkey-based firms did US sanction for aiding Russia in Ukraine? US officials have repeatedly pressed Turkish counterparts to address the flow of funds to Russia amid the war in Ukraine. Turkey
Can Turkey’s new economic plan restore foreign investor confidence? Eager to regain Istanbul and other major cities from the opposition, Erdogan is expected to turn to populist policies again ahead of local elections next spring. Turkey
Analysis Are we seeing the start of Turkey’s economic turnaround? Israeli right’s political chokehold on Netanyahu; will BRICS challenge the dollar?; Al-Monitor, Semafor launch first Middle East Global Summit in New York during UN General Assembly. By Week in Review , Andrew Parasiliti
World Bank official says Turkey's economic U-turn 'step in right direction’ The comments from the institution’s Turkey director follow the Turkish government finally raising interest rates to battle inflation. But the Turkish economy is still struggling. Turkey
Turkey, Greece announce 3-point plan ahead of Erdogan-Mitsotakis meeting The top Greek and Turkish diplomats also reiterated a plan to revive confidence-building talks between the two countries' armies but didn't release a date. Turkey
Turkey's annual inflation rate nears 60% in August Turkey’s economy minister says the country’s struggle with runaway inflation will take time. Turkey
Analysis Greece-Turkey ties on upswing as FM set to visit, Cyprus tensions subside Turkey tries to dial down confrontations in the eastern Mediterranean before the Greek minister's visit as part of its push to improve relations with the West. By Ezgi Akin In Ankara, reporting on diplomacy, EU-Turkey ties, NATO
In Russia, Turkey's Erdogan seeks better ties with Putin, but distrust lingers The Turkish president wants to enhance his prestige by brokering a new grain deal but faces an uphill battle, with increasing distrust from Moscow over Ankara's ties with Ukraine, and posture inside NATO. Turkey
UAE’s non-oil trade hits record $340B in first half of 2023 Trade is set to increase after the BRICS bloc of major developing economies announced last week that the United Arab Emirates was among the list of countries invited to join the group. United Arab Emirates
Turkey ends lira protection scheme as banks tally up damage With Turkey’s inflation on course to hit 70% by the year-end, the plan to convince depositors to shift to regular deposits with yields well below the inflation rate appears unviable. Turkey
Turkey’s Central Bank shifts gears, hikes interest rates to 25% The 750 basis point rise was higher than analysts' expectations, prompting lira to rebound from a record low. Turkey
