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Reflections from our correspondents on the ground in the Turkish capital.
ISTANBUL BLOG: Turkey’s central bank zombies in (lack of) action again
May 27, 2022
Inflation rampant. The lira’s losing its moorings. But no rate hike.
ISTANBUL BLOG: Erdogan spikes Nato accession talks with Sweden and Finland
May 18, 2022
Turkish leader leaves US and Europe wondering what his price might be for unblocking what was supposed to be a routine process.
ISTANBUL BLOG: With official inflation a hair’s breadth from 70%, Turkey is on the tail of Zimbabwe
May 5, 2022
Though academics who calculate inflation is actually 157% say it’s already far ahead of the rival basket case.
ISTANBUL BLOG: Erdogan’s cycles of economic madness now so ‘normal’ nobody utters a word
April 26, 2022
Regime treats Turkey like an economic guinea pig, say critics. Officials pushing all the buttons at the same time, attempting to avoid, but fuelling chaos.
ISTANBUL BLOG: Central bank trots out policy rate hold as inflation gallops into the distance
April 14, 2022
‘Erdoganomic’ net lira creation via loans is again beyond the pale, rising to a new all-time high.
ISTANBUL BLOG: Inflation sleuths say Turkey now just a touch short of 150%
April 4, 2022
Official rate for March given as 61%. If the lira crashes again and commodity prices go right off the rails, country will sail through four-digit inflation.
