Beril Akman

Turkey’s central bank unveiled its first measures after Sunday’s presidential elections, adding to a tangle of rules it’s used to manage the financial system.

Turkey’s central bank reversed a rule intended to limit demand for cash and gold, after facing a backlash from citizens ahead of a presidential runoff election on May 28.

Turkey’s central bank is poised to extend its interest-rate pause as it tries to keep the lira stable just days before a presidential runoff in which incumbent Recep Tayyip Erdogan is seeking reelection.

(Bloomberg) -- Turkey’s central bank extended its interest-rate pause for a third month as it tries to keep the lira stable just before a presidential runoff in which incumbent Recep Tayyip Erdogan is seeking reelection. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on C

The country’s longest-serving leader has ramped up the nationalist, conservative rhetoric with the help of a powerful media machine.

Turkish President Recep Tayyip Erdogan sealed an election victory that appeared unlikely just weeks ago, raising the prospect of more friction with Western governments and international investors.

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El presidente turco, Recep Tayyip Erdogan, selló una victoria electoral, elevando la perspectiva de más fricciones con los Gobiernos occidentales y los inversionistas extranjeros.

Turkey’s economy was boosted at the start of the year by pre-election spending and strong household consumption. The rest of 2023 will probably be tougher as the newly re-elected president battles a cost-of-living crisis.

Turkey’s economy expanded faster than expected at the start of the year, bolstered by pre-election spending and strong household consumption, as the outlook turns less favorable for the rest of 2023.