I'm selling my Turkish home for 18m lira: What's the best way to send the money to the UK?
A reader contacts us asking for help on transferring a large sum of Turkish money to the UK. We ask an expert financial adviser for guidance on what they should do next.
Turkish policymakers have resumed one-week repo operations, signaling confidence and encouraging investors to maintain Turkish Lira carry positions, according to ING's Chris Turner. The Central Bank of Türkiye shifted funding back to the 37% policy rate from the 40% overnight lending rate, following a 300 basis points hike earlier.
The resumption of these operations, which were suspended in March due to US-Iran tensions, indicates a return to conventional funding policies. Lower short-dated implied yields have resulted in a drop in TRY short-dated implied yields, potentially leading investors in the carry trade to continue holding the Turkish Lira.
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