The Central Bank of the Republic of Turkey (CBRT) raised the policy rate to 15 percent on June 22 after almost two years of low-interest rate policies The the Monetary Policy Committee (MPC) which held its first meeting under the chairmanship of Central Bank Governor Hafize Gaye Erkan, switched to a monetary tightening policy by
Turkish President Recep Tayyip Erdoğan said that the appointment of Mehmet Şimşek as Treasury Minister should not be contemplated as a change in his cabinet’s economic policies as the former minister’s re-appointment to the post raised the expectations of a shift in low interest rate policy of Erdoğan. However he added that they “accept the
President Recep Tayyip Erdoğan is reelected in the run-off elections on May 28, Supreme Board of Elections head Ahmet Yener announced stating that the preliminary results indicate his victory. Stating that the 99,93 percent of the ballot boxes was counted Yener said that “even if the remaining votes are written to any candidate, the results
Türkiye is once again going to the polls on May 28 to elect its 13th president in the run-off elections amid the devastating effects of two major earthquakes, an economic crisis, increasing political polarization, and ballot-box security concerns. Some 64 million voters cast their ballots to choose between two candidates: President Recep Tayyip Erdoğan and
Turkish people cast their ballot to determine their future president and the parliamentary members on May 14 at a head to head race between election alliances which is considered to be the biggest challenge of President Recep Tayyip Erdoğan in his 21 years of rule with the Justice and Development Party (AKP). The preliminary results
Turkish President Tayyip Erdoğan announced that the National Intelligence Organization (MIT) had “neutralized” ISIS leader Abu Hussein al-Quraishi. Erdoğan announced on live TV on April 30 that MIT neutralized Quraishi, whom had been “followed for a long time,” in an operation in Syria on April 29. The expression “neutralized” usually means “killed” by Turkish security
President Recep Tayyip Erdoğan attended videoconference for Akkuyu Nuclear Power Plant inauguration ceremony on April 27, after falling ill during a television interview on April 27 and cancelled his election programs, which prompted allegations that he had serious health issues. Ankara on April 27 responded rumors over Erdoğan’s health issues especially the one alleged that
Türkiye’s opposition İYİ Party’s Istanbul branch headquarters was attacked with gunshots in the morning hours of March 31. According to the statement made by the party officials, the attack occurred at around 10:30 a.m. as unknown individuals fired gunshots at İYİ Party’s Zeytinburnu headquarters. Two bullets hit the building’s windows and a chair in the
The main opposition Republican People’s Party (CHP) leader and opposition’s presidential candidate Kemal Kılıçdaroğlu met with Germany’s ruling partner Social Democratic Party (SPD) co-chair Lars Klingbeil and accompanying delegation in the earthquake stricken province of Gaziantep on March 21. The CHP and SPD leaders emphasized on the devastating effects of February 6 earthquakes that hit
Turkish President Recep Tayyip Erdoğan stated that Ankara will start the process to ratify Finland’s NATO membership as the country “has taken authentic and concrete steps.” “Given the sensitivity and progress made in adressing our country’s security concerns, we have decided to initiate the ratification process of Finland’s accession protocol to NATO in our parliament,”