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Reflections from our correspondents on the ground in the Turkish capital.

ISTANBUL BLOG: Turkey’s central bank zombies in (lack of) action again

May 27, 2022

Inflation rampant. The lira’s losing its moorings. But no rate hike.

ISTANBUL BLOG: Erdogan spikes Nato accession talks with Sweden and Finland

May 18, 2022

Turkish leader leaves US and Europe wondering what his price might be for unblocking what was supposed to be a routine process.

ISTANBUL BLOG: With official inflation a hair’s breadth from 70%, Turkey is on the tail of Zimbabwe

May 5, 2022

Though academics who calculate inflation is actually 157% say it’s already far ahead of the rival basket case.

ISTANBUL BLOG: Erdogan’s cycles of economic madness now so ‘normal’ nobody utters a word

April 26, 2022

Regime treats Turkey like an economic guinea pig, say critics. Officials pushing all the buttons at the same time, attempting to avoid, but fuelling chaos.

ISTANBUL BLOG: Central bank trots out policy rate hold as inflation gallops into the distance

April 14, 2022

‘Erdoganomic’ net lira creation via loans is again beyond the pale, rising to a new all-time high.

ISTANBUL BLOG: Inflation sleuths say Turkey now just a touch short of 150%

April 4, 2022

Official rate for March given as 61%. If the lira crashes again and commodity prices go right off the rails, country will sail through four-digit inflation.

ISTANBUL BLOG: Indications Saudi ruler MbS wants end of Khashoggi trial as pre-requisite for Erdogan meeting

March 31, 2022

A Turkish prosecutor has asked for the dismissal of charges filed in relation to the assassination of journalist by a Saudi hit squad.

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