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Discontent grows about state of economy as lira tumbles
President is backing unorthodox measures to stabilise the currency but analysts are sceptical
Rating agency says Erdogan’s flagship savings scheme will not ‘sustainably ease’ macroeconomic and financial stability risks
Ankara hopes to convert about $25bn of the hidden metal into the currency in latest scheme
Savings programme has helped slow selling in the currency, but analysts remain sceptical
Erdogan plans crackdown as lira turmoil encourages speculation in digital assets
Bankers point to ‘very concerted’ effort to boost currency after Erdogan unveiled savings scheme
Domestic money has been lured back from dollars and gold, but foreign funds will be harder to win over
And big American stocks’ outperformance
Trading chaotic as analysts warn latest plan is a backdoor rate increase that could erode public finances
And household balance sheets
Cost of protecting against default on country’s debt has also ratcheted sharply higher
Drop in main index triggers circuit breaker as lira crisis deepens
Some exporters benefit from stronger dollar but others crave certainty in face of president’s experiments
Erdogan announces pay boost just hours after central bank cuts rates, sending lira to new low
Country’s central bank expected to cut rates further this week despite inflation above 20%
Human rights body’s disciplinary action comes as Erdogan faces rising discontent over currency crisis
Rally from historic low follows central bank’s vow to halt ‘unhealthy price formations’
Series of rate cuts will ‘quickly translate’ into worsening inflation, Goldman Sachs says
Lira tumbles as economists fret that loose monetary policy will spur inflation
Pressure eases on lira after Turkey president retreats over envoys’ expulsion threat
Omer Koc critiqued the country’s ‘exhausting’ inflation and spiralling exchange rate
President removes two deputy governors in new round of dismissals sending currency down 1%
Monetary policy committee surprises analysts by slashing borrowing costs to 18%
Bounce back follows painful rout earlier in 2021 sparked by monetary policy jitters
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