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Economists at major global banks are divided on their predictions regarding Turkiye's approach to raising interest rates this month, reports Bloomberg. The unexpected re-election of President Recep Tayyip Erdogan has brought the prospect of a rate hike to the forefront, a stance previously dismissed by market observers.
Erdogan, known for his aversion to high borrowing costs, is reshuffling his economic team as Turkish assets face strain due to an inflation crisis exacerbated by his preference for ultra-low interest rates. ....
Five year term, i think new member state ands five year term, i think new member state ands the us government would be willing state ands the us government would be willing to negotiate with him, because be willing to negotiate with him, because he holds the top cards. he has a because he holds the top cards. he has a strong leverage with the west, because has a strong leverage with the west, because of has a strong leverage with the west, because of the migration crisis and the ukrainian war. there may be some changes the ukrainian war. there may be some changes in the ukrainian war. there may be some changes in policy making. his policies changes in policy making. his policies have driven the turkey economy policies have driven the turkey economy into the ground. i don t think economy into the ground. i don t think the economy into the ground. i don t think the policies are sustainable. we may think the policies are sustainable. we may see some changes there. but i ....
Finland becoming part of nato. playing heavily with sweden. i m not certain what is going to come of all of that. they certainly have criticized the s-400 deal as did the previous administration. they have tried to work with erdogan. erdogan marches to his own drumbeat and that s been the problem we have had for some time. many of us looking at this are hoping that the people would finally reject him. mainly for what he is doing to them in taking away their individual freedoms, the free press restrictions, crushing the parliament and clearly what he has done in terms of his macroeconomics in absolutely tanking and crushing the turkey economy. which is impacting all the people. nonetheless he is likely to win this re-election unfortunately. dana: general jack keane, thank you for your time this morning. have a great week. great talking to you. bill: 25 past. ....
The Turkish president’s sweeping purges have sent chills through Turkish society and made him an increasingly uncomfortable partner for the West. ....
With Turkey in the grip of soaring food prices, the Islamic holy month of Ramadan offers respite for some with free meals offered to break the day of fasting. Analysts say inflation now poses the biggest threat to President Recep Tayyip Erdogan’s bid for reelection. Dorian Jones reports from Istanbul. ....