ISTANBUL/PARIS France recalled its ambassador on Saturday after Turkish President Tayyip Erdogan said his counterpart Emmanuel Macron needed mental help over his attitude towards Muslims.
ISTANBUL Turkey's central bank bucked expectations for a big interest rate hike on Thursday and sent the lira plunging to a record low by holding its policy rate at 10.25% and saying it had already made progress in containing inflation.
ISTANBUL, Oct 22 Turkey's central bank bucked
expectations for a big interest rate hike on Thursday and sent
the lira plunging to a record low by holding its policy rate at
10.25% and saying it had already made progress in containing
ISTANBUL, Oct 12 Turkey's central bank, faced
with a record-low currency and widening current account deficit,
further left behind ultra-loose measures adopted during the
coronavirus pandemic when it raised on Monday the remuneration
rate on required lira reserves.
ISTANBUL As Turkey and Greece prepare for talks to calm a bitter maritime dispute, Ankara released a video this week glorifying a 16th century naval victory which led to the Ottoman Empire taking control of the Mediterranean.
* Maritime doctrine mirrors assertive regional policy on
ISTANBUL The lira skidded to record lows against the dollar, euro and pound on Monday amid concern that Turkey could get more involved in a fast-escalating conflict in the Caucasus, despite last week's surprise rate hike meant to support the currency.
ISTANBUL Turkey sees a European Union summit this week as an opportunity to reset relations between them, but the bloc must produce specific proposals and a timetable to work on a roadmap together, President Tayyip Erdogan's spokesman said.
ISTANBUL Turkey's central bank unexpectedly hiked interest rates by 200 basis points to 10.25% on Thursday, tightening policy for the first time in two years in order to lift the lira from record lows and rein in elevated inflation.
ISTANBUL Turkish and international lawyers' groups have voiced concern over the arrest of dozens of lawyers, saying they had been doing their job when representing clients accused of links to the network Turkey blames for an attempted coup in 2016.