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Turkey
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Economy
Turkey's Central Bank surprises markets with sharp rate cut
The Central Bank of the Republic of Turkey (CBRT) has cut its benchmark one-week repo rate by 250 basis points, bringing it down to 47.5%. The move exceeded economists' forecasts of a 150-basis-point reduction and marked a shift in monetary policy after eight consecutive meetings.
Europe News
Orbán ends EU presidency with ceasefire mission, to Ukraine's dismay
The Hungarian prime minister is set to meet Turkey's Recep Tayyip Erdoğan on Thursday, continuing his efforts to promote his vision for Ukraine — which Volodymyr Zelenskyy has blasted as an attempt to boost his "personal image".
Economy
Central Bank of Turkey keeps key interest rate unchanged
The Central Bank of Turkey held the key interest rate at 50% at its November meeting, for the eighth month in a row. However, investors are becoming more hopeful that a rate cut may be around the corner, as inflation expectations improve.
Cinema
Festival cancelled in Turkey over ban of LGBTQ+ themed film 'Queer'
Mubi, the global streaming platform, production company and film distributor, has cancelled its Turkey film festival over local censorship of the film ‘Queer’. The company said it is taking a stand for “protecting freedom of expression.”
Europe News
Protest in Turkey against mayor's arrest over alleged terror links
Ahmet Özer, the mayor of Istanbul’s Esenyurt district and a member of the Republican People’s Party (CHP), was detained on Wednesday by anti-terrorist police over his alleged connection to the Kurdistan Workers’ Party or PKK.
