Turkish cenbank: monitoring impact of earthquake-related imbalances on inflation

Kitco Media
By Reuters
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Updated:
Reuters
ANKARA, March 2 (Reuters) - Turkey's central bank said on Thursday it is monitoring the impact of earthquake-related supply-demand imbalances on inflation, adding that the effect on production, consumption, employment and expectations are being "extensively evaluated." In the minutes of last week's Monetary Policy Committee meeting, the central bank said the short-term effects of the earthquakes had been partly reflected in production and orders expectations in the manufacturing sector. Foreign trade data suggests exports are recovering after the initial decline due to the earthquakes, it said, adding that industrial production infrastructure in the region has been largely maintained and that production has been sustained. (Reporting by Ali Kucukgocmen and Ezgi Erkoyun; Editing by Hugh Lawson)

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