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Central Bank Publishes Summary of February MPC Meeting

TURKEY

Highlights include:

  • In addition to the existing supportive measures, the Committee considered the issue of making a revision in the tools that support the liquidity conditions.
  • 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.
  • The short-run effects of the earthquake seem to have been partly reflected on production and order expectations of manufacturing industry firms in February.

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