AISHE - Agent

In the realm of Turkey's economic landscape, a significant event unfolds as the country experiences its first interest rate rise since 2021. This modest yet symbolic step is seen by fund managers as a tentative move towards restoring the confidence of wary investors. However, a lingering skepticism persists, casting doubts upon President Erdogan's commitment to fully unwind the unorthodox policies that have plagued the nation's economy for far too long.   With a measured resolve, the central bank has decided to raise the key interest rate from its previous level of 8.5% to a more substantial 15%. This calculated adjustment serves as a signal of their determination to tackle the pressing issue of high inflation that has gripped the nation, reaching alarming levels of nearly 40%. The central bank's pledge to tighten policy as needed demonstrates a recognition of the severity of the situation and a commitment to restoring stability.   Yet, the expectations of a larger ...

Chapter 1:  Economic Turbulence and Leadership Transition:  Exploring Erdoğan's Policies and the Appointment of Hafize Gaye Erkan The economic policies of Recep Tayyip Erdoğan, the long-standing leader of Turkey, have been a subject of concern and debate among investors and economists. His unorthodox approach to managing the economy has left many worried about the state of Turkey's balance sheet and its implications for financial stability. Exploring Erdoğan's Policies and the Appointment of Hafize Gaye Erkan In recent years, Turkey has faced significant economic challenges, including high inflation, currency depreciation, and a widening current account deficit. These issues have raised doubts about the effectiveness of the government's policies and its ability to address the country's economic imbalances. Amidst these concerns, Recep Tayyip Erdoğan made a significant announcement: the appointment of Hafize Gaye Erkan as the n...