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Expert briefing
Publication date: 4 November 2015
Expert Briefings Powered by Oxford Analytica

However, serious concerns remain about the credibility of Turkey's Central Bank (CBRT), whose refusal to mount an interest rate defence of the lira accentuates the risks posed by…

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Expert briefing
Publication date: 17 September 2018
Expert Briefings Powered by Oxford Analytica

It was a bid to stabilise the lira. Bank deposit and credit rates have already risen sharply, and credit growth has virtually halted. As Turkey’s economic crisis takes hold, the…

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Expert briefing
Publication date: 15 December 2021
Expert Briefings Powered by Oxford Analytica

The lira’s collapse has only fortified President Recep Tayyip Erdogan’s adherence to unorthodox low-interest-rate policies. Rather than changing course, Erdogan has publicly…

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Executive summary
Publication date: 14 March 2022
Expert Briefings Powered by Oxford Analytica

TURKEY: Ukraine war will hurt Turkey’s economy
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Expert briefing
Publication date: 3 August 2020
Expert Briefings Powered by Oxford Analytica

Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…

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Expert briefing
Publication date: 14 March 2022
Expert Briefings Powered by Oxford Analytica

The conflict in Ukraine is a threat to Turkey’s economy. The lira has weakened again, which will push inflation above 60%. Ankara has condemned Moscow’s invasion but is seeking…

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