Galloping inflation

Japan's central bank on March 19 scrapped its negative interest rate as it finally began unwinding one of the world's most aggressive monetary easing programs.

The maverick policy dating back to 2013 was aimed at jump-starting economic growth and inflation after the country's "lost decades" of stagnant activity and prices in the world's number four economy.

Foreign fund inflows to Türkiye are likely to gather momentum not after but before the local elections, says Hakan Aran, the general manager of İşbank, one of Türkiye's largest private banks.

The consensus is that foreign investors' interest in Türkiye usually increases before elections, he said.

After two heavy Covid summers in Sunny Beach, a good season is expected. British tourists have returned to the resort after two seasons during which hotels working with the UK market remained closed. At the beginning of June, the hotels in the resort are already full from 20% to over 40%. However, people in Sunny Beach are moderate optimists.

He again promised low inflation, saying “we are in the process of making Turkey one of the top 10 economies in the world”