{
  "id": 2980608,
  "title": "Turkish Lira: Policy normalisation supports carry appeal – ING",
  "url": "https://urgent.news/2026/08/24/turkish-lira-policy-normalisation-supports-carry-appeal-ing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T08:12:19.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/turkish-lira-policy-normalisation-supports-carry-appeal-ing-202608240812"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "ING’s Chris Turner notes the Central Bank of the Republic of Türkiye (CBRT) has restarted one-week repo operations, shifting funding back to the 37% policy rate from the 40% overnight lending rate after a prior effective 300bp hike.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "This Is Money",
        "title": "I'm selling my Turkish home for 18m lira: What's the best way to send the money to the UK?",
        "url": "https://urgent.news/2026/08/22/im-selling-my-turkish-home-for-18m-lira-whats-the-best-way-to-send",
        "published": "2026-08-22T07:00:36.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}