Economist Daron Acemoğlu’s take on the Turkish Central Bank’s interest rate hike: “Challenging days ahead for Turkey”
Last Thursday, the Turkish Central Bank made a significant move, raising its policy rate from 17.5% to 25% in an effort to combat Turkey’s persistent inflation problem. Economist and author Daron Acemoğlu applauded this decision but added a cautionary note, stating, “It’s a step in the right direction, but it remains uncertain if it will […]
Reuters: Erdogan says Gulf states sent cash in relief for Turkey
According to reporting by Reuters, President Erdoğan explained that unnamed Gulf Countries recently provided “short term financing” to Turkey to ease economic pressure. While the President did not specify the countries, he explained that he would receive their respective heads of state and visit them in return as a thank you. As Turkey’s critical runoff […]
