Turkey has been fighting an uphill battle to combat the weak lira and inflation. What can the central bank do? Erdal Yalcin from the Constance University of Applied Sciences tells DW the lender is in a bind.
Turkey's new finance minister has offered a few words to reassure skeptical markets amid nepotism allegations. The lira, already under strain, has taken a further beating since Berat Albayrak assumed the post this week.
The country's central bank has increased its key lending rate for the third time in less than two months to shore up the Turkish lira amid spiraling inflation, and to assert its independence from political pressure.
The Turkish national currency has tanked again just one day after the nation's central bank raised its top interest rate. The move sent the lira soaring only briefly, indicating that market uncertainties prevail.
Turkish President Recep Erdogan takes potshots at financial markets, rating agencies and even his own central bank. Is it all just part of his election campaign theater — or is the economy really running out of steam?
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