The Monetary Policy Committee of the Central Bank of Turkey (CBRT) raised the policy rate from 17.5 percent to 25 percent on August 24. “The Committee decided to continue the monetary tightening process to establish the disinflation course as soon as possible, to anchor inflation expectations, and to control the deterioration in pricing behavior,” the
On August 25, US Chairman of the Joint Chiefs of Staff General Mark Milley gave an exclusive interview to the Jordanian TV channel Al-Mamlaka in Amman. This interview was mostly highlighted in the Turkish press on the grounds that the US had no intention of leaving the Middle East due to its energy interests, which
When I sat down at my computer in the morning, my intention was to write about the crush of the plane reportedly carrying Yevgeni Prigojin, the head of the Russian mercenary army Wagner, on the Moscow-St. Petersburg route on the evening of 23 August, exactly two months after he revolted against Russian Army. However, the
Türkiye may print 500 and 1000 Turkish Lira banknotes amid increasing inflation and currency crisis. This time last year, former Minister of Treasury and Finance, Nurettin Nebati was saying “there is no need for such measure,” when asked if there will be any banknotes with larger denomination. His ministry was obeying the instructions of President
On August 16, Russian media reported that Russian armed marines raided a cargo ship with a Turkish crew and Turkish ownership. In the same week, Turkish citizens learned from the British media that Ankara has signed an immigration agreement with the United Kingdom. And then, as a third stroke, Libyan, Russian, and Greek media reported
Turkish President Recep Tayyip Erdoğan is a political master of disguise who has a unique boldness in making sharp changes in his politicking. While some could say Erdoğan is only doing things that are politically expedient without an actual ideology, he started to do better dealing with pressing foreign policy issues, because no matter how
While the Taliban celebrated its second year of regaining power on August 15 after the withdrawal of US-led forces, Turkish women’s rights associations appealed to the United Nations’ Special Coordinator leading the preparation of an independent report on Afghanistan with a letter, emphasising Afghan women’s rights. “As women in Turkey, where the basic principles of
And yet another journalist, Barış Pehlivan, is back in prison for the fifth time because of what he wrote in his newspaper. Journalist Merdan Yanardağ also remains in prison for what he said on screen, as the appeal against his detention was rejected by the Supreme Court. Freedom of the press is under pressure not
The main opposition Republican People’s Party’s (CHP) Istanbul Metropolitan Municipality Mayor Ekrem İmamoğlu announced that he will re-run for the mayoralty chair for the megacity in the 2024 local elections. “I am once again starting off to take Istanbul,” İmamoğlu said on August 15 at a press conference in Istanbul. “I am taking a risk;
One of the questions in the Turkey’s Pulse, the periodical survey conducted by MetroPoll research company, is worth mentioning as it reveals an interesting insight to Türkiye’s political outlook. For the July survey, the participants were asked if they “regreted who they have voted,” and according to the results, 22,8 percents of the respondents regretted
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