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1 – 10 of 36In the March 31 municipal elections, the main opposition Republican People’s Party (CHP), to which Imamoglu belongs, gained 37.8% of the vote nationally, beating the AKP in its…
The limited rate hike (annual core inflation is running at 47%) has undermined foreign investors’ hopes that President Recep Tayyip Erdogan’s new economic team would be free to…
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DOI: 10.1108/OXAN-DB280020
ISSN: 2633-304X
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TURKEY: Inflation and interest rates will slow growth
The much anticipated appointments of new ministers of finance, foreign affairs and interior -- replacing incumbents that in various ways no longer serve the president's interests…
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DOI: 10.1108/OXAN-DB279965
ISSN: 2633-304X
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TURKEY: Monetary policy could pivot towards orthodoxy
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DOI: 10.1108/OXAN-ES279677
ISSN: 2633-304X
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TURKEY: Inflation will peak in the first half of 2024
The move is part of the government’s new more orthodox economic policy, which was adopted following President Recep Tayyip Erdogan’s re-election in May. The change of policy…
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DOI: 10.1108/OXAN-DB282608
ISSN: 2633-304X
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The statement implies that a return to economic orthodoxy is likely, following two years of unorthodox policies built around Erdogan’s preference for low interest rates. The…
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DOI: 10.1108/OXAN-DB279817
ISSN: 2633-304X
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TURKEY: Interest rates and prices will rise
Local investors have used Turkey’s stock market as a hedge against the country’s runaway inflation and government attempts to 'lira-ise' the economy. The market's strong…