Judgment day for Turkey’s new Central Bank governor
By DW
16 April 2021 |
1:08 pm
After Recep Tayyip Erdogan fired a hawkish Central Bank governor and installed a like-minded critic of high interest rates, the new governor is expected to fulfill the president's wishes for lower interest rates.
In this article
Related
18 Jan 2022
Turkey is home to more refugees than any other country in the world, with more than 3 million Syrians and 300,000 Iraqis. But as the years have gone by, many Turks believe these refugees have overstayed their welcome. Now, as the economic crisis in the country gets worse, attacks have begun to escalate, both rhetorically and physically. Our correspondents Ludovic de Foucaud, Shona Bhattacharyya and Hussein Asad report from Bolu, a city whose mayor wants all foreigners out of Turkey.
25 Jan 2022
Protesters have taken to the streets across Turkey after President Recep Tayyip Erdogan formally withdrew from the world's first binding treaty to combat domestic violence. Erdogan said the Istanbul Convention had been hijacked by people trying to normalize homosexuality and was incompatible with traditional family values.
4 Feb 2022
In Turkey, inflation reached a record annual rate of 36 percent at the end of 2021. The Turkish lira has plummeted and in supermarkets, workers are forced to change price tags on basic necessities several times a day. Turks are increasingly struggling to buy staple foods like flour and milk. While some have taken to satirising the crisis on social media, protests remain rare out of fear of repression. Our France 2 colleagues report, with FRANCE 24's Camille Nedelec.
5 Feb 2022
Inflation in Turkey has soared to nearly 49 percent - the highest level in two decades. It's another sign that President Recep Tayyip Erdogan's unorthodox monetary policy may not be bearing fruit. Also in the show: as energy prices surge, British authorities unveil more financial aid for electricity bills, and Facebook shares plunge as it reports a drop in user numbers for the first time.
5 Feb 2022
Turkish rights activist Osman Kavala has been jailed for over four years for alleged involvement in the 2016 coup plot, although he has not been convicted of any crime. European rights bodies have demanded his release.
15 Feb 2022
Turkey’s economy is in crisis. But President Erdogan had his head in the sand. So, how long can he cling on to power? And what will follow? Guests: Sinem Adar (SWP), Bülent Mumay (journalist), Christian Hanelt (Middle East expert)
26 Feb 2022
A Turkish court has ordered that activist Osman Kavala must stay in jail, where he has been for four years without conviction. He is being held on an espionage charge widely seen as fabricated.
2 Mar 2022
Turkey can limit the crossing of Russian warships from the Mediterranean to the Black Sea through its straits under the Montreux Convention. Could it have an impact on Moscow's military agression against Ukraine?
11 Mar 2022
Ukrainian Foreign Minister Dmytro Kuleba has said no progress on a cease-fire was made at talks with his Russian counterpart. The meeting in Turkey was the first at this level since Russia's attack on Ukraine began.
17 Mar 2022
Turkey is one of the many countries calling for calm in Ukraine. President Recep Tayyip Erdogan says his government will relentlessly try to find a long-lasting ceasefire and Turkey has already hosted the first high-level peace talks between the Russian and Ukrainian foreign ministers. But Ankara is walking something of a tightrope because it's traditionally a friend of Ukraine and has been supplying drones to Kyiv. Yet it also depends on Russia for gas. Our Turkey correspondent Jasper Mortimer tells us more.
11 Apr 2022
A jet full of cocaine in Brazil shows Turkey's increasing role in global drug trafficking. The UN drugs agency says the cocaine is sent via Turkey to EU countries, as well as Eastern European and Middle Eastern nations.
4 May 2022
Turkish philanthropist Osman Kavala has been found guilty of attempting to overthrow the government by an Istanbul court. The rights activist was sentenced to life without possibility of parole.
Latest
4 hours ago
Beijing and several other provinces are being affected by thick, dense sandstorms that are severely affecting visibility. Deforestation has escalated already rampant air pollution in the Chinese capital.
4 hours ago
NBA Hall of Famer Willis Reed has died at the age of 80, the New York Knicks have confirmed. Reed spent his entire 10-year career, which spanned from 1964 to 1974, with the Knicks. Reed began his playing career at Grambling State before being selected by New York in the second round of the 1964 draft.
4 hours ago
Taha Siddiqui is an award-winning former FRANCE 24 journalist who fled Pakistan after escaping a kidnapping attempt. He's now exiled in France and has since discovered he's on a kill list in Pakistan and can never return to his home country.
6 hours ago
The International Monetary Fund (IMF) and Kyiv have reached a staff-level agreement for a $15.6 billion loan which should be finalised in the coming weeks.
6 hours ago
Desalination is highly energy intensive and environmentally toxic. But the unconventional freshwater resource is now vital for human survival in dry regions.
6 hours ago
The French papers look ahead to Emmanuel Macron's live TV interview amid ongoing nationwide anger over pension reforms. In the UK, former PM Boris Johnson is to defend his actions over the Partygate scandal in front of a parliamentary committee that could decide his political future.