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☆ Turkish cenbank more than doubles 2023 inflation forecast to 58%
  + stars: | 2023-07-27 | by ( Ali Kucukgocmen Nevzat Devranoglu Ece Toksabay | Ali Kucukgocmen | Nevzat Devranoglu | ) www.reuters.com   time to read: +4 min
The biggest contribution to the sharp rise in the 2023 forecast came from forecasts deviations and a change in forecasting approach. "The central bank did not only provide an inflation forecast that is in line with economists predictions but... the emphasis in the report very much matched those of the market. We had not seen this from the central bank in many years. CENTRAL BANK INDEPENDENCEEconomists expect the policy rate to rise further to 25% by year-end, still leaving real rates negative. "Defining interest rate hikes as sufficient or insufficient can only be done after inspecting the intricacies of this holistic approach," she said.
Persons: Hafize Gaye Erkan, Erkan, Nilufer Sezgin, Sahap Kavcioglu, Erdogan, Ali Kucukgocmen, Daren Butler, Andrew Heavens, Bernadette Baum Organizations: Wall Street, CENTRAL, Ece Toksabay, Thomson Locations: ANKARA, Ankara
☆ Erdogan moots putting Turkey headscarf reform to referendum
  + stars: | 2022-11-02 | by ( Nevzat Devranoglu Ece Toksabay | Nevzat Devranoglu | Ece Toksabay | ) www.reuters.com   time to read: +4 min
The headscarf was once a source of deep discord in Muslim but secular Turkey, but ceased to stir controversy after reforms by the Islamist-rooted AKP during its 20 years in power. "We are ready to take other steps including a referendum," Erdogan told AKP deputies in parliament. The AKP was to hold talks with three opposition parties, including the largest Republican People's Party (CHP), broadcaster CNN Turk said. When Leader Kemal Kilicdaroglu announced the CHP's planned legislation on the headscarf in early October, Erdogan responded by saying the issue had already been resolved. Erdogan and AKP lawmakers have toughened their rhetoric against LGBT+ people in recent years, frequently labeling them "deviants" or "perverts" and raising concerns among members of the community.
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