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

ISTANBUL BLOG: Turkey on the edge

November 24, 2021

As Erdogan subjects nation to his mad economic experiments, there are the first signs of people taking to the streets and of the country’s export channels seizing up.

ISTANBUL BLOG: Contagion not the story in Turkey’s crisis but for exposure EU banking is the weak link

November 20, 2021

Market, meanwhile, still puzzled by five-minute delay in announcing rates decision.

ISTANBUL BLOG: Turkey’s come up with a new inflation theory. Please keep a straight face

October 29, 2021

Erdogan and Biden won’t be short of topics to talk about when they meet in Glasgow. But the former should spare the latter a dose of macro.

ISTANBUL BLOG: Erdogan takes down three more MPC members

October 14, 2021

Yet another late-night decree from the presidential palace.

ISTANBUL BLOG: Markets search in vain for logic as Turkey cuts rates

September 23, 2021

All but one of 23 surveyed economists said central bank wouldn’t do it, but it did it. Baffling ‘Erdoganomics’ pulling strings in the background. Hyperinflation may lurk around corner.

ISTANBUL BLOG: Paris Agreement ratification becomes a no-brainer for Erdogan

September 22, 2021

President faces an election by 2023 and millions of Turkish teenagers who will vote for the first time know their country has just been through a summer of climate change hell.

ISTANBUL BLOG: ‘Core’ blimey guvnor

September 12, 2021

Turkey’s monetary policy chaos has deepened following a strange presentation by the central bank chief. Analysts are scrambling to update their expectations.

ISTANBUL BLOG: Turkey’s official inflation – nothing if not a head-scratcher

September 5, 2021

Erdogan ‘gets it wrong’ again. Statistical authority says inflation in August moved up to 19.25%. Work of academics implies rate is actually 49%.

ISTANBUL BLOG: Latest monumental folly from Erdogan to deliver the ‘Turkish Pentagon’

September 2, 2021

Flat broke Turks will be thrilled to hear of mammoth defence HQ that will “instill fear in enemies and trust in allies”.