Turkey attacks main PKK base in Iraq: Countdown to elections

Turkish lira shackled by election uncertainty - Bloomberg

Turkey’s lira may have gained against the dollar since the central bank began hiking rates, but a sustained rally will have to wait until after elections, Bloomberg reported, citing economists.

The central bank has raised rates by 425 basis points over the past month to reverse a record decline in the currency. Still, doubts remain about economic policy after President Recep Tayyip Erdoğan pledged to lower interest rates following the polls on June 24, Bloomberg said.



Turkey strikes main PKK base in Iraq

Turkey’s military struck the main base of the Kurdistan Worker’s Party (PKK) in northern Iraq on Thursday night.

Shelters and gun positions in the Kandil mountain, as well as targets in Zap and Hakurk, were destroyed in the air operation, the military said in a statement on Friday, according to CNN Turk.