Turkish central bank resumes repo auctions, unwinding wartime funding freeze

Türkiye's central bank is resuming one-week repo auctions this week at the 37 percent policy rate, reversing an almost six-month funding freeze imposed when the Iran war shocked markets in March. The move is being read as the bank's first concrete step toward eventual rate cuts, and Istanbul bank shares jumped more than 4 percent on the news. It comes as the government's three-year economic road map nears release, with its 2026 inflation forecast raised to 28 percent.

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