Turkey’s central bank raised its benchmark rate by 625 basis points on Sept. 13 in a move that boosted the Turkish Lira and may ease investor concerns about monetary policy. The Central Bank has increased the lending rate to 24 percent, meaning it has now increased interest rates by 11.25 percentage points since late April. The bank said there was still an upside risk to the inflation outlook from what it called a deterioration in pricing behavior, despite weaker domestic demand conditions. Source Hurriyet Daily
Turkey warned energy companies on Sunday against working with the Greek Cypriot government in carrying out exploratory drilling in the eastern Mediterranean, saying such activities could damage regional stability. Source: Reuters
Israeli Prime Minister Benjamin Netanyahu urged his coalition partners on Sunday not to bring down the government, citing security challenges ahead and hinting at future Israeli military action against its enemies. Source: France24
Turkish President Recep Tayyip Erdoğan and his Russian counterpart Vladimir Putin will attend a ceremony in Istanbul on Nov. 19 to mark a key milestone in the TurkStream project, according to statements from their offices. Source: Hürriyet Daily News
