Erdogan, Recep Tayyip

Turkey’s Central Bank Chief Steps Down Amid Long Inflation Battle

The government swiftly replaced her and said the change did not reflect a policy shift for the country, where annual inflation is about 65 percent.

By Ben Hubbard

Economic Conditions and Trends Erdogan, Recep Tayyip Inflation (Economics) Interest Rates Turkey

Turkey Raises Interest Rates to 40 Percent to Tame Runaway Inflation

The country’s central bank increased rates by 5 percentage points in an attempt to deal with the soaring cost of household necessities and the devaluing of the lira.

By Santul Nerkar

Erdogan, Recep Tayyip Istanbul (Turkey) Turkey Volleyball Women and Girls

Turkey’s Women’s Volleyball Team Inspires Pride

Turkey is basking in the success of players it calls “Sultans of the Net,” seeing paragons of female empowerment in a country grappling with multiple crises.

By Ben Hubbard and Gulsin Harman

Banking and Financial Institutions Currency Economic Conditions and Trends Erdogan, Recep Tayyip Interest Rates Politics and Government Turkey

Turkey’s Central Bank Raises Rates to Near Two-Decade High

The bigger-than-expected rate increase, to 25 percent, is aimed at curbing stubbornly high inflation that exceeded 80 percent last year.

By Aaron Boxerman