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
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
Evaluating domestic and foreign affairs of countries separately does not lead to healthy conclusions. Without fully understanding the internal political phases of a country such as Turkey, it is not possible to make a rightful judgement on how these phases shape the country’s foreign policy and its consequent impact on international strategic changes. The analysis
On August 3, Turkish Statistical Institute (TurkStat) announced a consumer price index increase of 9.5 percent for July, which is a one-month increase. Unfortunately, the annual consumer inflation is 47.8 percent. Moreover, regarding what has been happening in Türkiye since 2021, there is nothing strange about the 9.5 percent monthly uprise in the consumer price
In his speech at the 14th Ambassadors Conference on August 7, Foreign Minister Hakan Fidan announced Ankara’s vision for the 100th anniversary of the Republic as “making Türkiye one of the playmaker actors”. I wish he had emphasized more the importance of the Republic of Türkiye entering its second century against all obstacles, but a