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CENTRAL BANK CUTS RATES BY 3 POINTS DESPITE ONGOING INFLATION RISKS
Economy and Finance Jul 25, 2025

CENTRAL BANK CUTS RATES BY 3 POINTS DESPITE ONGOING INFLATION RISKS

The Central Bank lowered its one-week repo rate from 46% to 43% on July 24, despite warning signs that inflation pressures persist. This was the first cut following the April rate hike. The Monetary Policy Committee also reduced the overnight lending rate from 49% to 46% and the overnight borrowing rate from 44.5% to 41.5%. While June’s core inflation trend remained unchanged, preliminary indicators pointed to a temporary rise in July inflation due to month-specific factors.

Editorial Team
SYMBOL OF FEAR RETURNS
Inside Turkey Jul 25, 2025

SYMBOL OF FEAR RETURNS

One of the prosecutors overseeing the case against Istanbul Mayor Ekrem İmamoğlu has come under fire after CHP Chair Özgür Özel revealed that the prosecutor displays a model of a Beyaz Toros—a car widely associated with disappearances and state violence in the 1990s. İmamoğlu, who has been held at Silivri Prison since his March 19 arrest, recounted the incident during an interview with journalist Ruşen Çakır of Medyascope as he visited the Istanbul Mayor in prison. İmamoğlu said the prosecutor, who took his testimony following the sweeping police operation, placed a symbolic image of the white Renault Toros on his desk and ended the interrogation by saying: “Tomorrow you become president, then you judge us.”

Editorial Team
IF THE PKK IS CHANGING, WHY CAN’T THE DEM PARTY?
Capital Currents Jul 18, 2025

IF THE PKK IS CHANGING, WHY CAN’T THE DEM PARTY?

After 47 years, the PKK has decided to disband and lay down arms. According to the group’s founder, Abdullah Öcalan, this marks a paradigm shift: the struggle will now continue through strengthened political engagement. Following what both the government and opposition have called a “historic” decision, change is now expected within the DEM Party—the Kurdish political movement’s representative in Turkish Parliament. As one MP who recently visited Öcalan on İmralı Island put it: “Even the PKK is changing—why wouldn’t the DEM Party?”

Nergis Demirkaya
AKP SEEKS TO EXTEND TOP MILITARY TENURES
Security and Defense Jul 4, 2025

AKP SEEKS TO EXTEND TOP MILITARY TENURES

Just weeks before the Supreme Military Council (YAŞ) meets to decide on promotions in the ranks, the ruling AKP introduced a bill to amend the Turkish Armed Forces Personnel Law, allowing force commanders to remain in office until age 72 with presidential approval.

Editorial Team
TURKISH DIPLOMACY IN RETREAT
Deciphering Turkish Diplomacy Apr 11, 2025

TURKISH DIPLOMACY IN RETREAT

In contrast to Finance Minister Mehmet Şimşek’s positive messages following the EU - Turkey High-Level Economic Dialogue, the meeting, which took place after a six-year hiatus, ended without a substantial road map to revive relations. As developments in transatlantic relations appeared to be raising Turkey’s value as a geostrategic asset, Ankara hoped to seize the opportunity to improve relations with the EU. Yet, European enthusiasm towards Turkey’s military strength remained limited, while the arrest of Istanbul's Mayor Ekrem İmamoğlu has made life difficult for those favoring a speedier rapprochement.

Barçın Yinanç
CODES BEHIND İMAMOĞLU’S CHOICE OF NURİ ASLAN
Portrait of the Week Mar 28, 2025

CODES BEHIND İMAMOĞLU’S CHOICE OF NURİ ASLAN

Following Ekrem İmamoğlu’s arrest and removal from office, Nuri Aslan was elected as acting mayor of Istanbul Metropolitan Municipality. The election took place in the municipal council, but it was clearly İmamoğlu who selected Aslan. Now, everyone is trying to decode why İmamoğlu opted for such an unfamiliar name. One of the key reasons for picking Aslan is the “quiet strength” he embodies. He’s been walking the path with İmamoğlu in Istanbul for years—but always behind the scenes, never seeking the spotlight.

Anonymous
DİPLOMA
Word of the Week Feb 28, 2025

DİPLOMA

A university diploma is more than just a piece of paper. It’s a ticket to professional success and social prestige. But in Turkey in recent years, it has also become an object of national obsession, political ammunition, and judicial entanglement. Take, for instance, the latest storm swirling around Istanbul Mayor Ekrem İmamoğlu. In February 2025, he found himself under investigation for allegedly forging his university diploma—a charge that could have significant political consequences. The Istanbul Chief Public Prosecutor’s Office launched the probe following a report from the Council of Higher Education (YÖK) questioning the legitimacy of his academic credentials.

Nazlan Ertan
AYAZDA KALMAK
Word of the Week Feb 14, 2025

AYAZDA KALMAK

The word of the week is “ayazda kalmak,” literally translated as “being left out in the cold.” This phrase conveys the sting of exclusion, akin to the English “getting the cold shoulder.” It vividly portrays the experience of feeling neglected or overlooked, much like standing outside on a frosty night while others bask in warmth within. This colloquial idiom recently gained attention following a gathering of the CHP's “Big Three” on Feb. 9. CHP Chair Özgür Özel, Istanbul Mayor Ekrem İmamoğlu, and Ankara Mayor Mansur Yavaş convened to discuss whether the party should hold primary elections to determine its presidential candidate (Check Deep Dive for more). The photo from the meeting showed the three seated at a table by a fireplace, their notepads open, smiling convivially—your standard political meeting photo. No official statements were made.

Nazlan Ertan