ISTANBUL, Feb 23 (Reuters) - The Turkish central bank
said on Thursday that it was important to preserve the growth
momentum in industrial production after this month's earthquake,
as it cut its policy rate by 50 basis points as expected to
8.5%.
"The Committee assessed that the current monetary policy
stance after the measured reduction is adequate to support the
necessary recovery in the aftermath of the earthquake by
maintaining price stability and financial stability," the bank
said in a statement.
(Reporting by Ezgi Erkoyun;
Editing by Daren Butler)
Messaging: ezgi.erkoyun.thomsonreuters.com@reuters.net;))
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