Unexpected move comes after US tariffs and arrest of President Recep Tayyip Erdoğan’s main political rival
Boycott campaign aims to increase pressure on President Recep Tayyip Erdoğan after arrest of opposition leader
Technocrats can contain short-term financial panic but only democratic integrity will sustain investor confidence
Traders fear Erdoğan could fire central bank governor and finance minister who have helped stabilise country’s markets
Protesters rally for seventh night after Istanbul mayor was jailed on corruption charges
As Ankara’s future hangs in the balance, EU leaders must fill the void left by Washington and defend democracy
Detention of Istanbul’s popular mayor Ekrem İmamoğlu galvanises opposition and leads to stock market plunge
Central bank’s currency intervention came as officials ‘lost control’ of market following Ekrem İmamoğlu’s detention
Crackdown on political opposition will shake international investors’ faith in Ankara
Borrowing costs reduced for third month running after price rises ease to below 40% for first time since June 2023
Central bank expected to reduce interest rates by 250 basis points when it meets on Thursday
Vice-president Cevdet Yılmaz has played a crucial backstage role managing the turn to financial orthodoxy
Central bank slashes borrowing costs by 250bp as consumer demand slows
And Turkish Trump trades
Slowest price growth in over a year comes after painful rate rises
Investors strongly back Ankara’s plans to switch short-term debt for longer-term notes
Ankara hires banks for ‘switch tender’ deal to exchange short-debt for longer-term note
President once hostile to international financiers switches tack in planned New York meetings
And Turkish stocks’ wild ride
High interest rates meant to cool runaway inflation heaps pressure on businesses and households
Istanbul index slides 8% as sweeping bid to rein in inflation ripples through markets
Ankara has become a political broker on the continent through soft power initiatives, deeper trade ties and growing security alliances
Washington seeks more action from Ankara in curbing trade pivotal to Moscow war machine
While a shift to a more rational strategy has support, the impact of moves to tame inflation are biting
Move underlines progress in country’s $1tn economy since pivot to more conventional monetary policy
