Turkish flag over a DenizBank building. Turkey is expected to head to the polls on Sunday. Ismail Ferdous | Bloomberg | Getty Images Turkey’s central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive months of hikes. The move was widely expected as the bank indicated … Read more
Residents waiting at a bus stop under a large Turkish flag in Istanbul, Turkey, on Sunday, April 30, 2023. Bloomberg | Bloomberg | Getty Images Turkey’s central bank on Thursday hiked its key interest rate by another 250 basis points to 45%. The hike to the benchmark one-week repo rate was in line with economists’ expectations. … Read more
Turkish President Recep Tayyip Erdoğan (left) and Swedish Prime Minister Ulf Kristersson shake hands in front of NATO Secretary-General Jens Stoltenberg prior to their meeting, on the eve of the NATO summit in Vilnius on July 10, 2023. Yves Herman | Afp | Getty Images BRUSSELS — Sweden expects Turkey to approve its NATO membership … Read more