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Tayyip Erdogan

Central Bank of Turkey raises interest rates to 15% reversing monetary policy Tayyip Erdogan

Central Bank of Turkey raises interest rates to 15% reversing monetary policy

The Central Bank of Turkey nearly doubled its benchmark interest on Thursday, the first increase in two years, with the move reversing the country's monetary policy in a bid to fight spiralling inflation. The Monetary Policy Committee raised its policy rate, the one-week repo auction rate, by 650 basis points…
bubmag
June 22, 2023
Turkish anti-immigrant party leader endorses Erdogan challenger Kilicdaroglu Tayyip Erdogan

Turkish anti-immigrant party leader endorses Erdogan challenger Kilicdaroglu

Back to homepage / Asia / Pacific Turkey's anti-immigrant Victory Party leader endorsed opposition presidential candidate Kemal Kilicdaroglu on Wednesday, potentially boosting the challenger as he aims to make up ground and defeat President Tayyip Erdogan in Sunday's runoff election.  Issued on: 25/05/2023 - 07:37 3 min Kemal Kilicdaroglu, the presidential…
bubmag
May 25, 2023
After Turkey’s catastrophic quake, this could have been Erdogan’s last election. Instead, he’s poised to win Tayyip Erdogan

After Turkey’s catastrophic quake, this could have been Erdogan’s last election. Instead, he’s poised to win

CNN  —  Turkish leader Recep Tayyip Erdogan’s rise to power was ushered in by the contentious political aftermath of the 1999 Izmit earthquake. So when another devastating quake laid waste to large swathes of southeast Turkey earlier this year, many observers expected the president’s two-decade rule to end with a…
bubmag
May 24, 2023