President Recep Tayyip Erdogan heard Turkish voters back in May when they said they wanted change in the economy.
So, he appointed a new finance minister and central bank governor to lead the charge.
Despite the president’s strong opposition to using higher interest rates to cool rising prices, he’s allowed rates to rise in each of the last six months.
While that’s helped bring about an economic turnaround, it’s put added pressure on households who have for years been reliant on low borrowing costs.
Will the president’s patience with economic orthodoxy last, or are these early policy changes a sign of long-lasting change?
Presenter Victoria Craig Produced by Victoria Craig and Ceren Iskit
(Image: Eren and Ümit Karaduman and their children. Credit: Victoria Craig)
Business Daily meets: Michele Arnese
The race to secure semiconductor supply chains
Food security in Puerto Rico
What is a digital twin city?
How to fix the US budget
Business Daily meets: Kathryn Jacob
Being unbanked
Tricking the brain – are holograms the future?
Living off-grid: Scaling up
Living off-grid in Portugal
Business Daily Meets: Dr Yasmeen Lari
Battling snakes to gather Brazil nuts
Was 2023 a bad year for IPOs?
Has shoplifting become a global problem?
Business Daily meets: Niccolo Ricci
Putting the 'F' word into climate talks
Taiwan: Prepping for war
Taiwan: The political mood
Kinmen: The Taiwanese islands next to China
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Global News Podcast
The Infinite Monkey Cage
Friday Night Comedy from BBC Radio 4
You’re Dead to Me
Elis James and John Robins