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Current Rates Described as "Adequate" in Press Statement

TURKEY
Highlights from the CBRT press statement:
  • 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.
  • Leading indicators show that the economic activity in the earthquake zone has been recovering faster than expected
  • While level and underlying trend of inflation have been improved with the support of the implemented integrated policy approach, the effect of earthquake-driven supply-demand imbalances on inflation is closely monitored.
  • The Committee will prioritize the creation of supportive financial conditions in order to minimize the effects of the disaster and support the necessary recovery.

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