Turkish Economy

English edition

Editorial Ta Nea: Turkey’s lonesomeness

The historic 23 November plunge of the Turkish lira was triggered by the decision of Recep Tayyip Erdogan the previous day to declare an 'economic war of independence'.

English edition

In a blow to Turkish Central Bank credibility, new governor drops pledge of tighter monetary policy

In a Reuters poll, most economists had predicted no change to the one-week policy rate this week, but saw easing from around mid-year, to settle at 15% by year-end.

English edition

Editorial To Vima: Erdogan is building castles in the sand

Erdogan's works and days reveal the archetype of a leader who is motivated by irredentism and who ineluctably must confront the monster which he created and which now threatens to destroy him.

English edition

Along with row with US, Erdogan’s Istanbul mayoral race also rocks economy

The lira has tumbled 2.5 percent since the ruling late on Monday, reflecting worries that during the coming election campaign the government could again pursue short-term stimulus measures such as tax cuts and costly steps to support the currency.