With another 200 bp cut in key rate, regulator has slashed from 24% to 12% since July. Analyst warns it could all “end in tears”. One poll shows 75% of Turks unhappy at management of country’s economy.
Country led oppression ranking for four years but CPJ watchdog says “the reduced number of prisoners does not signal an improved situation for the Turkish media”.
Rolls-Royce scaled back efforts to join programme after disagreements. Talks now described as revived. Development comes as US set to confirm ban on F-35 deliveries to Ankara in S-400 row.
His allegations related to a loan made to a university come as Babacan and Davutoglu look set to launch new political parties.
Two lawyers examine Uzbekistan’s plans to lure investors by using English law.
Move must be made before state lender can challenge US court’s ability to hold trial, he adds.
Ekrem Imamoglu seen as possibly biggest threat to Turkish strongman in next presidential election.
Level of 77.35 compares to record low of 62.45 seen in September 2018 following the currency crash.
Military bloc’s leaders don’t discuss Turkish leader’s demand for classification of Kurdish militia as “terrorist”. Communique describing “a forward-looking reflection process” appears to give strongman way out of dispute.
More bank share price gains ‘likely only in early 2020’. Signs emerge, meanwhile, foreign investors are locking in stock market gains as sanctions risk mounts.
Inflation level won’t stop rate-setters easing further next week says one analyst. Another says they face a “difficult decision”
Data imply consumers could be losing their appetite for taking on fresh debt despite new availability of cheaper loans.
Erdogan administration in hurry to get back in fast lane but analysts warn reckless driving could spark fresh build-up of macro imbalances.
“A number of panellists continued to report upwards price pressures as a result of currency weakness, but this was much less of an issue than this time last year," says IHS Markit.
Trump comes up with a lame Turkey pun. Erdogan comes up with F-16 warplanes in the skies of Ankara as target practice for his newly acquired Kremlin missiles.
Agreement set to further complicate disputes between Ankara and regional neighbours over rights to East Mediterranean energy resources.
Red ink turns to invisible ink but it would be unpatriotic of any Turk to shift uncomfortably in their seat as the president has let it be known that policy rates and inflation will soon fall into single digits and will stay there.
Meanwhile, head of Russian state arms exporter Rosoboronexport refers to “big plans” for military technical cooperation between Moscow and Ankara and report emerges of Turkey blocking Nato defence plan for Poland and Baltics.
Annual assessment also notes Ankara has set ambitious plan for new coal-fired power plants but lack of financing is holding things up.
Turkish president, under pressure to secure capital inflows, also returns to old appeals to “patriotic” Turks to dump foreign currencies. Potential nemesis Imamoglu, meanwhile, has been getting friendly with global financiers.