The Central Bank has cut interest rates, even as inflation continues to soar, deepening President Erdogan’s disputed economic plan and setting off a new plunge in the lira.
Tag: Turkey
Many Turks Can’t Afford Bread, and Bakers Can’t Afford to Make It
Squeezed by rising costs, price controls and plunging sales, bakers warn of ruin, while their impoverished former customers line up for government-supplied loaves.
Many Turks Can’t Afford Bread, and Bakers Can’t Afford to Make It
Squeezed by rising costs, price controls and plunging sales, bakers warn of ruin, while their impoverished former customers line up for government-supplied loaves.
How Inflation Affects Turkey’s Struggling Economy
Even before the pandemic, Turkey was trying to ward off financial meltdown. The crisis has accelerated as President Recep Tayyip Erdogan has doubled down on his unorthodox policies.
Turkey’s President Follows His Own Advice Even as Economy Slips
President Recep Tayyip Erdogan is increasingly isolated as he clings to an economic prescription that few endorse but that he believes will bear results before elections.
Jailed Journalists Reach Record High for Sixth Year in 2021
The Committee to Protect Journalists, a press freedom monitoring group, said 293 journalists were behind bars this year, more than a quarter of them in China.
Little Amal, a Refugee Puppet, Looks for Home
In “The Walk,” a 12-foot tall, 9-year-old Syrian girl named Amal trekked from Turkey to Britain to find her mother. In a politically divided continent, were any minds changed?
As Turkey Chafes at Erdogan, He Gets Spikier Abroad
President Recep Tayyip Erdogan canceled an appearance at the global climate talks over a perceived slight, part of a pattern of creating international dramas to bolster his domestic standing.
Turkish President Steps Back From Expulsions of 10 Western Diplomats
The threatened expulsions had risked severe economic consequences and a rupture in the North Atlantic Treaty Organization.
Erdogan Threatens to Expel 10 Western Ambassadors
The move follows a statement from the envoys demanding the release of a prominent philanthropist jailed since 2017.