Turkey and Iran appear to be bent on upgrading political and security coordination over regional developments of common and special interest. This was evidenced by Iranian Chief of Staff General Muhammad Bagheri’s three-day vis- it to Turkey on August 15, 2017. This visit indicates that a “convergence of necessity” is headlining relations between the two regional powers despite a number of pending issues between them.
Topic:
International Relations and International Security
Turkish President Recep Tayyip Erdo- gan continues his years-old pressure on the Central Bank to lower interest rates in a bid to encourage lending and consumption, and support the country’s economic growth, damaged by the mid-2016 failed coup attempt. The Turkish economic community considers that the move is highly risky, especially because of the possibility that the apex bank would lose credibility and weaken its ability to achieve monetary and financial stability.