Minister thinks the lira is overvalued, but Turkish economists defend the floating rate. For some background on these issues, you can see my notes from a CBT conference back in the fall.
Hurriyet Daily News reports on the sharp fall in inflation. I am thinking about devoting next week's Hurriyet column to inflation, as there is a lot of misinformation going on, at least between the short-term positive outlook and medium-term challenges. There is also a quite interesting reader comment, which I will address later on. BTW, there is also a Today's Zaman version of the same story.
Erdogan Alkin, my time-share neighbor, shares with us his mid-year Economics outlook.
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