🇹🇷 Türkiye

Geopolitics & Diplomacy

• Heavy rain floods Istanbul, one teenager dead

  According to Al Jazeera (15 October), heavy rain caused roads in Istanbul to collapse and flood, water entered hospitals, schools closed and traffic was paralysed. One teenager died. The earlier entry on the partial building collapse in Maltepe (5 dead) is retained.

  Sources: aljazeera.com

• Seven-storey building partially collapses in Istanbul's Maltepe, 5 dead (including 3 children)

  A seven-storey apartment building partially collapsed in Maltepe, Istanbul, on 8 October, killing 5 as of 9 October (according to Turkish Minute; details unconfirmed).

  Sources: turkishminute.com

Finance & Economy

• Türkiye holds policy rate at 37% for fifth time, dollar/lira at 49.1

  The central bank held at 37% in September, leaving room for an October cut. The lira is down 1.7% over the past month. Price pressure is expected to grow with the removal of the fuel tax buffer in October.

  Sources: fxstreet.comtradingeconomics.com