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Turkey – Central bank resists Erdogan’s calls for rate cut (Al Jazeera, Bloomberg)

Thursday's rate decision could set central bank Governor Sahap Kavcioglu on a possible collision course with Erdogan, who holds the unorthodox view that higher interest rates fuel consumer price gains and is seeking lower borrowing costs to fuel economic growth [File: Nicole Tung/Bloomberg]

Thursday’s rate decision could set central bank Governor Sahap Kavcioglu on a possible collision course with Erdogan, who holds the unorthodox view that higher interest rates fuel consumer price gains and is seeking lower borrowing costs to fuel economic growth [File: Nicole Tung/Bloomberg]

Selcuk Gokoluk and Tugce Ozsoy

The Turkish lira rallied to lead gains among emerging-market peers after Turkey’s central bank held its benchmark interest rate, defying President Recep Tayyip Erdogan’s calls for a cut. The currency rose as much as 1.2% after the Monetary Policy Committee held its one-week repo rate at 19% for a fifth month as forecast by all 20 analysts surveyed by Bloomberg.

Turkey: Central bank resists Erdogan’s calls for rate cut | Business and Economy News | Al Jazeera

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Turkey/USA/Afghanistan – Turkey slams US statement on planned resettlement of Afghans (Al Jazeera)

Al Jazeera writes: The Turkish government has criticised a US plan to use third countries such as Turkey to resettle thousands of Afghans who risk being targeted by Taliban fighters over their Washington links, saying the move would cause a “great migration crisis” in the region.

go to Al Jazeera: Turkey slams US statement on planned resettlement of Afghans | Migration News | Al Jazeera

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Turkey/Eastern Mediterranean – Turkey’s New Moves in the Eastern Mediterranean (BESA Center)

writes: In July 2021, Israel expressed full support to the Republic of Cyprus in the wake of the unilateral reopening of the Varosha coastline by Turkey. Last year, it also showed solidarity with Athens during Greek-Turkish tensions in the Eastern Mediterranean. While the tripartite partnership is progressing, Ankara is seeking to expand its footprint in the region and is pursuing a two-state solution in Cyprus. It is also applying a new foreign policy methodology to Greece while remaining adamant in its demands.

go to BESA Center: Turkey’s New Moves in the Eastern Mediterranean (besacenter.org)

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Turkey/Eastern Mediterranean – Blue Homeland: Turkey’s Strategy in the Eastern Mediterranean (Euractiv)

Antonia Colibasanu writes: As Turkey’s dreams of joining the European Union have faded, Ankara has shifted its strategy toward the West. Nowhere is this more evident than in the Eastern Mediterranean. Turkish President Recep Tayyip Erdoğan’s latest moves – a visit to the Turkish Republic of Northern Cyprus and the announcement of a resumption of Turkish energy exploration in the area – are meant to show that he will continue to pursue his neo-Ottoman “Mavi Vatan” (Blue Homeland) doctrine.

go to Euractiv: Blue Homeland: Turkey’s Strategy in the Eastern Mediterranean – EURACTIV.com

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Turkey – Give War a Chance: Turkish Leader Finesses Political Defeat (BESA Center)

writes: Turks are hungry for fairy tales. Any feel-good news propaganda—including Erdoğan’s “The West, including the Germans, are jealous of us!” tirade—finds millions of receptive listeners in Turkey’s postmodern marketplace of absurdity.

go to BESA Center: Give War a Chance: Turkish Leader Finesses Political Defeat (besacenter.org)

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Turkey/Defense – Aselsan teams up with local shipyard for two new naval drones (Defense News)

  writes: Turkey’s largest defense company has partnered with local shipyard Sefine to develop and produce two unmanned surface vessels.

go to Defense News: Aselsan teams up with local shipyard for two new naval drones (defensenews.com)

 

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Analysis

Aegean Sea – How Long Will the Aegean Sea’s Peaceful Summer Last? (BESA Center)

writes for BESA Center: How sustainable will the Aegean Sea’s peaceful summer of 2021 prove to be? For Recep Tayyip Erdoğan, the primary reason for peace in the Aegean has been the threat of further Western sanctions amid Turkey’s ongoing economic descent. But his election election campaign for the 2023 race could drive him back to his bullying, aggressive self in terms of regional policy to consolidate conservative and nationalist votes.

go to BESA Center: How Long Will the Aegean Sea’s Peaceful Summer Last? (besacenter.org)

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Turkey’s Mobgate Reveals the Islamist Deep State (BESA Center)

writes for BESA Center: Revelations on YouTube by Turkish mob boss and Erdoğan ally Sedat Peker are rattling the Turkish government. Peker’s disclosures involve murder, rape, corruption, bribery, political assassination, drug smuggling, arms shipments to jihadists, and torture and violence committed on the government’s behalf to silence the opposition. Through Peker’s revelations, the Turkish people are witnessing the extent to which the Islamist “deep state” has exponentially flourished under Erdoğan’s rule.

go to BESA Center: Turkey’s Mobgate Reveals the Islamist Deep State (besacenter.org)

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(Turkey/Cyprus) Turkey says Cyprus town of Varosha to reopen amid Greek objection (Al Jazeera)

Al Jazeera writes: Authorities in the self-declared Turkish Republic of Northern Cyprus announced on Tuesday a partial reopening of an abandoned town for potential resettlement, drawing a strong rebuke from Greek Cypriot and international leaders including the United States.

go to Al Jazeera website: Turkey says Cyprus town of Varosha to reopen amid Greek objection | Europe News | Al Jazeera

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