who s based in the turkish capital, ankara. the tour, a lot ahead for president erdogan, he thinks cost of living crisis is manageable is it? that crisis is manageable - is it? that is an excellent crisis is manageable - is it? that is an excellent question, - crisis is manageable is it? twat is an excellent question, and one had so many economists across the world are wondering about, because he has pursued such unorthodox economic and monetary policies over the last several years, he has put a lot of pressure on the central bank not to raise interest rates, as most central banks usually do to combat rising prices, and that has let inflation run away. as you said, inflation run away. as you said, inflation currently at 44%, it topped out at 88.5% last year, so household is really feeling the pinch, and the question is whether president erdogan will put a team around him now who will sort of convince him that more orthodox monetary policy is the way to go. the thing is,
difficult to self but for questions and challenges ahead as he grapples to get the economy into better shape. to get the economy into better sha e. ., , to get the economy into better sha e. . , ., , , to get the economy into better shae. . , ., , , ., shape. that is right, and this is a cuestion shape. that is right, and this is a question economists shape. that is right, and this is a question economists have - shape. that is right, and this is a question economists have been l shape. that is right, and this is a - question economists have been asking for months. if he were to win another five years, what would it mean for the struggling economy? inflation tapped out at 85.5% last october. it has since come down, it is about 44% now. what is he going to do with the next five years and what is he going to do in the next days and weeks? he is almost certainly going to restructure his economic team, finance team. there is speculation about whether we will see familiar faces
at verisk maplecroft. if erdogan continues down this path of policy that he has embarked upon, do you think turkey will be defaulting on its debts any time soon? thank ou. its debts any time soon? thank yom yes. its debts any time soon? thank you. yes, well, its debts any time soon? thank you. yes, well, the its debts any time soon? thank you. yes, well, the turkish - you. yes, well, the turkish lira partly as a result of economic policies under the current turkish government has lost about 80% of its value over the past five years. and in the lead up to the election, one of the ways in which the central bank was holding it off was drawing on its foreign exchange and gold reserves. although that props up the lira it is not necessarily sustainable in the long term and if turkey is no longer able to finance imports or to service its external debt it could end up default. there are corrective actions the turkish government can take to try and hold off that risk but we have
and a big finish in birmingham, as the commonwealth games brings the curtain down on 11 days competition. welcome to our viewers on pbs in america, and around the globe. the former us president, donald trump, has issued a statement, saying that the fbi has carried out a raid on his florida home at mar a lago. he was not in the state at the time. mr trump said that a large group of agents arrived at the compound with a search warrant. they even broke into my safe! , he said. will get a bit more detail on that. will get a bit more detail on that. let s speak to our north america correspondent, peter bowes. what can you tell us, peter? it has come from him, not from the fbi. ., , , fbi. yeah, significantly, the fbi, the justice fbi. yeah, significantly, the| fbi, the justice department, fbi, thejustice department, are not saying anything about this at all. we know about it because donald trump released a statement, the one which you are referring to. it is quite a long statem
Im again, go under hash. Think people are allowed to speak about me and i havent again, going with the judge, the judge as a conflict with the worst ive ever seen and it has to end with the judge the gag order has to come off. I shouldnt be allowed to speak every time i come out to speak to you, i want to be open because we did they nothing wrong. I showed you yesterday 30 stores, 32 stories of experts, legal experts, and i dont know how one the other way. Very juicers but legal experts say very strongly is no case dislocation. Who brought trump did nothing wrong. And they say its showing trump did nothing wrong they already get rid of the conflict with the judge because thats something that he cannot do anything about. Its wrong. Its wrong. And the second thing is after we released them again or theyve taken away my Constitutional Rights to speak and added to it speaking to you. I have a lot to say. They can continue to make up lies and Everything Else they live there but im not allow