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Current Rates "Adequate" to Support Recovery

TURKEY

Highlights from the press release:

  • The Committee assessed that the current monetary policy stance is adequate to support the necessary recovery in the aftermath of the earthquake by maintaining price stability and financial stability.
  • Recession concerns in developed economies as a result of geopolitical risks and interest rate hikes continue, and conditions threatening financial stability have emerged.
  • The effects of the earthquake in the first half of 2023 will be closely monitored.

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