Türkiye's annual consumer price inflation climbed to 10.74 percent in May, a two-digit figure for the first time in 13 months, with monthly consumer prices rising 1.49 percent. The Central Bank then asked the government to revise its 4 percent goal; officials settled on targets of 7.5 percent in 2009, easing to 6.5 percent the following year and 5.5 percent by 2011.
The European Court of Human Rights declined to lift the headscarf ban after two theology-school teachers in Sakarya argued the restriction violated religious freedom, with the court ruling the ban constituted neither discrimination nor a breach of conscience rights.
On other fronts, Global Finance named Akbank the top bank in Türkiye among emerging markets, a US-Türkiye peaceful nuclear cooperation pact took effect on 2 June, and President Abdullah Gul held meetings with executives of seven major Japanese firms collectively valued at 328 billion dollars.
Historical summary. TurkishPress restated this wire report, first published in June 2008, in its own words.