The Minimum Wage Determination Commission has been working to determine the minimum wage effective in 2022. The current gross and net minimum wages for those over sixteen are 3,577.5 and 2825.9 liras, respectively. [The...
The proposal that “if interest rates fall, inflation will decrease” is not misleading; however, it depends on some conditions and the kind of ‘interest rate.’ An economy providing necessary conditions implies that it moves...
The other day I visited my old father, who had had a surgical operation on a bone fracture a while ago and stopped listening to the news bulletins since then. He says his indifference...
Is it possible that a central bank of a country with a current account deficit for years could make its country with a permanent current account surplus with any policies it would implement?The importance...
“Interest day: Will the Central Bank make a new mistake?” This was the title of my article (in Turkish), which was published just before the decision of the Monetary Policy Committee (MPC) meeting on...
As of the early morning of October 14, the dollar rate has exceeded 9.10 liras following recent dismissals and new appointments at the Turkish Central Bank (CBRT). There have been ongoing exciting discussions on...
Different inflation values are flying around in Turkey. If you look at the consumer price index of the Turkish Statistical Institute (Turkstat), which should be of interest to the average citizen, annual inflation is...
The Monetary Policy Committee (MPC) of the Turkish Central Bank (CBRT) reduced the policy rate by one percentage point to 18% on September 23. The Central Bank estimates that inflation will be much lower...
We hear a lot lately: ‘But the Turkish opposition does not have an economic program to solve the economic problems.’ Leave aside the political arguments and look at the issue within the framework of...
One of the most interesting – in fact, more correct to say weird – developments of the last week were the words of Şahap Kavcıoğlu, The Governor of the Turkish Central Bank (CBRT), who...
