• Kaja Kallas
  • Moussa Faki Mahamat
  • Adrian Zenz
  • Matthew Kroenig
  • Andriy Yermak
  • Vitaly Savelyev
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  • Dainius Kreivys
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IPSE'S AUTHORS LAST 24h
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IPSEs IN THE LAST 24H
  • Itamar Yaar
    Itamar Yaar “The American move to pause big bomb transfers is largely symbolic. But it's a sign of trouble and could become more of a problem if it is sustained. It's not some kind of American embargo on American munitions support, but I think it's some kind of diplomatic message to Mr Netanyahu that he needs to take into consideration American interests more than he has over the last few months. It's kind of a signal, a 'be careful'.” 4 hours ago
  • Vitalii Barabash
    Vitalii Barabash “Around 700 people stayed in Avdiivka. The situation is not easy; regular checks are ongoing. The excitement of the majority of those who remained and waited for the Russians has long faded. Even those who didn't care admit now that it was far better under Ukraine's control. Because there is no evidence of democracy or that it was 'liberators' that came to them.” 6 hours ago
  • Alan Boswell
    Alan Boswell “The Sudanese have basically been forgotten, obviously there's the war in Gaza which has taken a lot of attention. Frankly it would take very high-level political focus on trying to pressure those who are arming the various sides and have the actual belligerence themselves to stop this. Obviously, the United Nations tools are not very functional.” 8 hours ago
  • Benjamin Netanyahu
    Benjamin Netanyahu “No amount of pressure … will stop Israel from defending itself and achieving its war objectives. Eighty years ago in the Holocaust, the Jewish people were totally defenceless against those who sought our destruction. No nation came to our aid. I pledge here today from Jerusalem on this Holocaust Remembrance Day: If Israel is forced to stand alone, Israel will stand alone. But we know we are not alone because countless decent people around the world support our just cause.” 11 hours ago
  • Vladimir Putin
    Vladimir Putin “We know what the exorbitance of such ambitions leads to. Russia will do everything to prevent a global clash. But at the same time, we will not allow anyone to threaten us. Our strategic forces are always in a state of combat readiness.” 11 hours ago
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Turkey high inflation

Page with all the IPSEs stored in the archive related to the Context Turkey high inflation.
The IPSEs are presented in chronological order based on when the IPSEs have been pronounced.

Erkan Kidak
Erkan Kidak

“Two prerequisites must be met for the working class in Turkey to revolt. The first of these is the decline in purchasing power, and the second is the weakening of their bosses and the government. As both prerequisites have been fulfilled, workers employed in different sectors all over Turkey have revolted. I think that the strike wave will continue in 2022, as inflation continues to increase and political instability manifests itself. I predict that 2022 will be characterised as the year of the strike in Turkey.”

author
Research assistant at the Department of Labour Economics and Industrial Relations at Turkey’s Pamukkale University
15 Feb 2022 5 4
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Atilla Yesilada
Atilla Yesilada

“We live with inflation in Turkey. The biggest components of what we spend money on are food, rent, and transportation, and these are the kind of prices the average consumer faces on a daily or monthly basis. So if you are lying to them, it's very obvious. It undermines trust in Erdogan and the AKP. Turkish public's perceptions of inflation can also drive prices higher. If people think inflation is close to 100 percent, anyone who has any bargaining ability, say in paying salaries or wages, or the prices they charge, pretends inflation is 100 percent. So going forward, that is a disastrous situation.”

author
Investment analyst with Global Source Partners
07 Jan 2022 5 2
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Win Thin
Win Thin

“We suspect positioning and stealth intervention will continue to dominate the price action. Even if the lira stabilizes, there are still strong inflationary impulses in the economy that will continue to erode the value of any local currency holdings.”

author
Global Head of Currency Strategy at Brown Brothers Harriman
24 Dec 2021 3 3
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Berk Esen
Berk Esen

“Bread is an essential item in Turkish cuisine, and it's frequently consumed especially if you are a poor family. For a family of five or six people for instance, where parents and children and elderly live together, maybe at least two pieces of bread are eaten every day. So even if the Halk Ekmek bread is just a few liras cheaper, over a month that adds up to a substantial amount for a low-income family, and the price gap between that bread and what is in the markets is only going to widen as inflation goes up.”

author
IPC-Stiftung Mercator fellow at the Center for Applied Turkey Studies and an assistant professor at Sabancı University
13 Dec 2021 4 4
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Kadri Tastan
Kadri Tastan

“Orthodox theory recommends a tight monetary policy that will mitigate inflation by moderating domestic demand. In Turkey, by contrast, under the guidance of the presidency, the CBTR [Central Bank of Turkey] is pursuing a loose monetary and credit policy to boost economic growth, which Erdoğan needs desperately. He is concerned that higher interest rates will slow down the economy and fuel voter discontent in the run-up to the elections in 2023. He has therefore pushed the CBTR to cut rates in the hope that cheaper credit will stimulate the economy and improve his popular support.”

author
Resident senior fellow in German Marshall Fund's Brussels office
09 Dec 2021 8 4
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Ipek Ozkardeskaya
Ipek Ozkardeskaya

“The impact of the intervention is rather small because the markets know that the reserves are melting. High inflation calls for rate adjustment. Selling the reserves weakens the central bank's hand, and should have an increasingly limited impact on the currency moving forward.”

author
Senior analyst at Swissquote
03 Dec 2021 3 4
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