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CBRT Publish Summary of March Rate Meeting

TURKEY

Highlights from the summary:

  • The Committee will prioritize the creation of supportive financial conditions in order to minimize the effects of the disaster and support the necessary recovery.
  • High-frequency foreign trade data for March suggest that exports from the earthquake hit zone have shown a recovery trend following the post-disaster decline.
  • Despite the increase in the foreign trade deficit led by the acceleration in gold imports, the ongoing upward trend in services revenues continues to support the current account balance.

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