
Turkey’s central bank cuts rates despite rampant inflation
… Turkey has cut interest rates for the second month running as President Recep Tayyip Erdoğan seeks to prioritise growth over financial stability ahead of next year’s elections….

… Turkey has cut interest rates for the second month running as President Recep Tayyip Erdoğan seeks to prioritise growth over financial stability ahead of next year’s elections….
The perpetrator, a Russian national born in 1978, recruited by the Ukrainian security services in Ukraine, and his four Russian accomplices have been detained.
…“In Turkey , these are historically determined, very strong faultlines,” he said. “And Erdoğan is good at using them.”…
Turkish President Recep Tayyip Erdogan has reiterated that he expects the flow of food supplies from Russia to pass through the grain corridor.
Turkish President Recep Tayyip Erdogan still hopes for a meeting in person between Russian leader Vladimir Putin and his Ukrainian counterpart Vladimir Zelensky, Anadolu reported on Monday, quoting Erdogan as saying in an interview with PBS.

…But Recep Tayyip Erdoğan, president of Turkey , has alarmed US and EU officials with his promises to deepen economic co-operation with Moscow….
Three large Turkish banks Halkbank, Ziraat Bankasi, and VakifBank still allow withdrawing Turkish lira from bank cards of the Russian Mir payment system.
Turkey’s largest private bank Is bankasi has suspended the work with Russia’s payment system Mir, Halk TV channel reported on Monday.
The agreement between Moscow and Ankara on payment for 25% of gas supply in Russian rubles will enter into effect shortly, Turkish Minister of Energy and Natural Resources Fatih Donmez said Monday.
Turkish President Recep Tayyip Erdogan said he had agreed with Russian President Vladimir Putin to “cautiously proceed with” discussions on grain and fertilizer supplies via the maritime corridor in the Black Sea.