CENTRAL BANK CUTS INTEREST RATE IN FIRST EASING SINCE JANUARY
The Central Bank cut its benchmark policy rate by 100 basis points to 36% on Oct. 22, its first monetary easing since January, in line with market expectations.
Analysis
In-Depth Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
WITH INFLATION AT 5-YEAR LOW, MARKETS EYE MODEST RATE CUT
For the first time in nearly five years, Turkey’s annual inflation rate slipped below 30%, giving the central bank room to consider easing monetary policy at its meeting on Oct. 22.
JAILED ATALAY STARTS HUNGER STRIKE AS OPPOSITION PROTESTS ERDOĞAN AT PARLIAMENT'S OPENING
Can Atalay, stripped of his parliamentary seat and held in prison since 2022, began a hunger strike as parliament reconvened on Oct. 1, while the main opposition Yeni Party walked out when President Recep Tayyip Erdoğan took the floor during the opening speech.
A PEACE PROCESS DEVOID OF DEMOCRATIZATION
The first concrete step has been taken in the PKK's disarmament process, a subject Turkey has been discussing for nearly 22 months. The law that will form the legal groundwork for the group's disarmament passed parliament with what has been called a 'historic consensus.' Next comes implementation. But the real question is will this process, dubbed 'Terror-Free Turkey,' contribute to the country's democratization?
EYES FOCUSED ON THE DEFENSE INDUSTRY FORUM
As Turkey prepares to host a NATO summit for the first time in 22 years attention is heavily focused on the NSDIF26.
CASH FLOW BECOMES PRIORITY IN SHIPBUILDING
Turkey is considering generating cash flow by exporting newly built naval platforms originally designed to meet domestic requirements. The first of 10 light corvette-class vessels planned for the Turkish Navy, the TCG Akhisar (P-1220), was sold straight to Romania without entering the Turkish inventory after its completion in December 2025. Ankara is now in talks to sell two newly built I-class (Istanbul/İstif-class) frigates to Indonesia.
HIGH-STAKES DIPLOMACY: ERDOĞAN’S WHITE HOUSE VISIT AND ITS STRATEGIC COSTS
There is a way of establishing a working relationship with U.S. President Donald Trump. First you have to make sure you see him as a smart, respectable world leader. That’s the easy part. Then you have to lure him with trade deals, making sure he is the winning side. Therefore, it comes as no surprise when Turkey unilaterally dropped its retaliatory tariffs on U.S. products on Sept. 22, a few days before the scheduled meeting between President Recep Tayyip Erdoğan and U.S. President Donald Trump at the White House. Buzzwords are important for Trump, and tariff is one of them. The tariffs, which covered products including passenger cars, fruit, rice, tobacco, alcoholic beverages, solid fuels, and chemical products, were introduced in 2018 in response to U.S. tariffs on steel and aluminum imports enacted during Trump's first term in office.
REASONED VERDICT RELEASED 13 MONTHS AFTER SENTENCING
Thirteen months after sentencing, the Ankara 22nd High Criminal Court has released its reasoned verdict in the high-profile Kobani trial, in which former HDP Co-Chairs Selahattin Demirtaş and Figen Yüksekdağ were sentenced to 42 and 30 years in prison, respectively.
TURKEY, NATO SECRETARIAT SHAPE SUMMIT AGENDA AND GUEST LIST
Turkey is preparing to host a NATO Summit for the first time in 22 years, and is working to finalize both the list of invitees beyond member states and the summit's agenda in consultations with the NATO Secretariat through a series of meetings.
CENTRAL BANK KEEPS INTEREST RATES UNCHANGED AMID INTENSIFYING POLITICAL PRESSURE
The central bank kept its benchmark policy rate unchanged at 37% on April 22, meeting the expectations of most analysts. The decision comes following intensified criticism of both the bank and Finance Minister Mehmet Şimşek, 59, from the business world and media outlets close to the government.
KURDISH PROCESS AWAITS NEWROZ
After the completion of the Parliamentary Commission report on the Kurdish peace process, legal steps are expected to accelerate after the Ramadan holiday, which ends on March 22 and overlaps with Newroz, the spring festival seen as a symbol of Kurdish identity.
FIRST ERDOGAN-PEZESHKIAN CALL SINCE IRAN DEMONSTRATIONS
In their first call since unrest spread across Iran, President Recep Tayyip Erdoğan told his Iranian counterpart, Masoud Pezeshkian, that Turkey does not support any scenario involving external intervention in Iran, according to a statement from the Turkish Presidency on Jan. 22.