turkeywatch

🇹🇷 #TurkeyWatch: President Erdoğan has reshuffled his cabinet, replacing both the Justice and Interior Ministers overnight.
The newly appointed Justice Minister, Akın Gürlek, previously served as Istanbul’s Chief Public Prosecutor and is known for high-profile cases involving opposition figures — a move that’s drawing close attention.
The changes signal a further consolidation of power within Turkey’s leadership and are likely to have political and market implications worth monitoring.
#TurkeyWatch

👇#TurkeyWatch 🇹🇷🚨
President Erdogan replaced the Justice & Interior Ministers overnight. The new Justice Minister Akın Gürlek, known for prosecuting and harassing opposition figures during his time as Istanbul’s Chief Public Prosecutor, is now in charge.
PRES. ERDOGAN = PICKS HATCHETMEN
Power consolidation accelerating — institutions shifting from neutral to political tools. ⚖️📉

#TurkeyWatch 🇹🇷: The Central Bank of Turkey congratulates itself as disinflation continues “at a moderating pace.”

But, today, I measure Turkey's inflation at 25.3%/yr — 5 TIMES HIGHER than the official target of 5%/yr.

That’s nothing to brag about.
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#TurkeyWatch 🇹🇷: The Central Bank of Turkey cut its policy rate from 38% to 37%. That's the lowest rate since November 2023.

BAD MOVE.

Turkey’s inflation remains PUNISHING at 30.9%/yr. That’s SIX TIMES HIGHER than the CBRT’s 5%/yr inflation target.

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