President's pressure is constraining the central bank’s policy choices in its struggle with rising inflation and the depreciating Turkish lira.
Referendum on change to the constitution looks likely in April.
As companies rush to cut their unhedged FX liabilities, economic growth could be further depressed.
The lira has plunged 12% against the greenback so far this year and has depreciated by nearly 30% in the past three months.
The November industrial production data will raise hopes that economic activity, which slowed in the wake of the failed coup attempt in July last year, may finally be picking up.
Bitfury has announced it will launch the first ever Global Blockchain Business Council (GBBC) on the margins of Davos in January.
Trump appears to have little sense of Nato’s history or purpose. It was formed not merely as a military bulwark against an aggressive Soviet Russia, but as part of a positive agenda to secure and expand a liberal, democratic space.
Vicious cycle of inflation and depreciation could hurt an already slowing economy.
Given the unpromising inflation outlook and Turkey's weak currency, the question is now how the central bank will react when it meets later this month to review its interest rates.
Turkish police are still struggling to locate the gunman who killed 39 people in a nightclub in Istanbul on January 1, but more information about the assailant is emerging.
Donald Trump’s victory in the US presidential election is often characterized as a surprise. The rural and semi-urban swing-voters who backed him are probably also right to suspect that many of Trump’s campaign pledges won’t actually come to pass.
Gunman shot his way into the elite Reina club and then escaped.
Economists believe as the lira comes under further pressure the central bank will be left with no other option but to raise rates in 2017.
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