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

ISTANBUL BLOG: Erdogan’s regulators hit uncooperative private banks with blunter instrument

June 1, 2020

Watchdog amends asset ratio calculation methodology after lenders find loopholes. President determined all banks should play a full role in delivering more cheap money. But some non-state players appear to be getting heartily fed up.

ISTANBUL BLOG: The “last legs” lira

May 6, 2020

You can almost smell the acrid smoke pouring out of the Turkish economy. But the finance minister has been up on the virtual podium to insist all is well. Curious analysts tuned into his charm offensive.

ISTANBUL BLOG: Everybody’s cottoning on to Turkey’s “native and national” car

April 15, 2020

So they had to import a prototype from Italy for the launch ceremony. And it’s got no engine. But a “holographic assistant” feature is within grasp and Erdogan is at the wheel. What’s not to like?

ISTANBUL BLOG: Dollar hungry takers of ‘virus’ loans give officials the vapours

April 8, 2020

With lira hitting the skids, ludicrous instruction issued to banks asks them to prevent borrowers using debt to invest in foreign currencies, gold and equities.

ISTANBUL BLOG: Nagging anxiety resurfaces in Turkey as food prices take off

March 31, 2020

Opposition research shows worrying price movements in economy roiled by pandemic. Issues both old and new now combining, prompting warnings of possible supply scarcities ahead.

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