China Has Squandered Its First Great Opportunity
The world has experienced a six-month geopolitical vacuum, and China has filled it poorly.
Opting for backdoor measures, Turkey’s Central Bank holds interest rate steady
ISTANBUL — Turkey’s Central Bank avoided raising a key interest rate Thursday, opting to impose backdoor liquidity measures to support the nation’s troubled currency.
The bank’s monetary policy committee announced it would hold its one-week repo rate steady at 8.25%, where it has remained since May 21 amid inflationary pressures on the Turkish economy.
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Why Erdogan must expand his ultranationalist alliances
President Recep Tayyip Erdogan’s growing dependency on Gray Wolves may mean more trouble for the Kurds and political dissidents in Europe, while increasing risks for Syrian refugees inside Turkey.
Will Erdoğan's God Stop the Turkish Lira's Slide? By Burak Bekdil