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ENAG inflation research group contends headline figure was 109% y/y, up from April calculation of 105% y/y.
How much market orthodoxy Turkish strongman can swallow is now the question.
Jailed Kurdish leader Demirtas withdraws from politics. State regulator goes after opposition TV channels for “insults”. Ultranationalists naming their price for support given to strongman’s ruling party.
Input costs and selling prices, however, continued to rise amid reports of currency weakness.
Investors may be encouraged that start could be made on fixing Turkey’s collapsing economy if former finance minister returns to the cabinet. The lira, meanwhile, is back on the slide.
Prospect of removing the Erdogan regime at the ballot box appears to have gone for ever.
Detractors have long argued he was the wrong man to take the fight to Erdogan, but he’s yet to hint that he’ll quit as leader of the opposition following the weekend election defeat.
As strongman defies the odds to hold on to power, jailed opponent Demirtas warns “a huge operational force has taken over the state”.
As official results announced, challenger Kemal Kilicdaroglu gives fiery speech calling for fight against authoritarian regime and for a true democracy.
Efforts to detect ballot box anomalies also hindered by block put on access to 2018 data. Situation revealed ahead of May 28 presidential run-off.
HDP co-leader says it is vital to rid country of president’s "one-man” and “freak” regime”.
As lira trades just below 20/$ in the interbank market, rate at the Istanbul Grand Bazaar hovers in the 21s.
New wave of disillusioned young Turks looks set to abandon country if strongman is re-elected on May 28.
With little expectation strongman Erdogan will be toppled in May 28 run-off vote, markets guard against economic calamity.
Lira hits latest record low and cost of insuring debt soars. New data, meanwhile, shows central bank burnt through $17bn in weeks before polls attempting to prop up economy.
Yes, by rights, it has to be Bye Bye Erdogan in Sunday's Turkey elections. A genius for manipulating idiots has sustained him in power for 20 years, but the aggregation of voter dissatisfactions has generated a faecal tide.
Turkey goes to the polls on Sunday May 14. Any rational analysis says the Erdogan era must end. Country in days and weeks that follow the voting will not be for the faint-hearted.
Opposition election win would also spark investigation of “robbery tool” Borsa Istanbul, he adds.