Hello and welcome to the intelligence on Economist Radio. I'm your host, Jason Palmer.

Every weekday, we provide a fresh perspective on the events shaping your world.

There's more than mere humanitarian values behind China's drive to end extreme poverty this year.

Our correspondent visits its beneficiaries, finding that it boosts urbanization, builds the workforce,

and breeds a useful gratitude to the Communist Party.

And somehow, through the intricacies of internet culture, a stoner frog called Pepe has become a symbol of white nationalism.

We examine a new film that documents how the cartoon spread and how its creator has tried and failed to reclaim it.

But first... Today, Turkey's central bank, led by its new governor, said it would raise the country's target interest rate by 4.75%, the biggest rate rise in two years.

It's a welcome shift in policy. That's because over those past two years, even as inflation

soared and the Turkish lira sank, the central bank kept rates low. That led foreigners to dump

Turkish stocks, destroyed the savings of millions of Turks,

and put the lira on a perilous path to a currency crash.

Recently, though, the lira is enjoying a big rebound.

The stock market is soaring, and officials have changed their tune about the need to keep inflation in check.

That shift in Turkey's economic fortunes happened before today's move, and it started

with a family argument.

On November 7th, President Erjib Tai Berdwan abruptly ousted his central bank governor without

much in a way of an explanation and and replaced him with Najee Abbal,

who had once been a finance minister.

Piotr Zelewski is our Turkey correspondent.

But Mr. Abbaal was also one of the main rivals of the serving finance minister, Berat al-Bairaq,

who also happened to be President Erdogan's son-in-law,

...