Erdem Ba

Turkish Prime Minister Ahmet Davuto?lu said the rise in the U.S. dollar?s value is reflexive, and not a signal of any structural or permanent economic crisis in Turkey, during a meeting with a group of Ankara correspondents on Aug. 19. 

The Turkish Lira weakened to a fresh record low against the dollar at 2.86 on Aug.

July inflation was generally in line with market expectations; thus annual inflation rates continued dropping. Annual inflation as of the end of July is at its lowest level for the past 26 months, even lower than May 2013, becoming 6.81 percent. 

Inflation in Turkey declined for the second month in July in line with expectations, according to data released by the Turkish Statistics Institute (TÜ?K) on Aug. 3.

Central Bank Governor Erdem Ba?ç? said Turkey has no fear of a planned interest rate hike by the U.S. Federal Reserve (Fed) and the bank is ready for normalization. 

Deputy Prime Minister Ali Babacan has again expressed his concern over the rule of law in Turkey, suggesting that the country could end up craving the current status of its democracy and economy in the near future if the judicial situation further deteriorates. 

Deputy Prime Minister Ali Babacan has again expressed his concern over the rule of law in Turkey, suggesting that the country could end up craving the current status of its democracy and economy in the near future if the judicial situation further deteriorates. 

As record-high food prices and the ongoing influx of Syrian refugees have become outstanding political issues before the upcoming elections in Turkey, United Nations? Food and Agriculture Organization (FAO) Director-General José Graziano da Silva has warned that escalating conflicts in the neighborhood have threatened food security in the entire Middle East.

Consumer price inflation in Turkey rose more than expected last month, according to official data released by the Turkish Statistical Institute (TÜ?K) on May 4. 

The Consumer Price Index rose 1.63 percent from March, pushing the annual rate of inflation to 7.91 percent in April from 7.61 in March, according to a statement from the TÜ?K. 

The Turkish Central Bank has raised its 2015 year-end inflation rate estimate to 6.8 percent from 5.5 percent amid renewed discussions about the nature of the recent hike in consumer prices.
 
However, the Bank still sees a fall in the rate next year.