Turkish cenbank eyeing quake impact on supply-demand imbalance

Kitco Media
By Reuters
Published:
Updated:
Reuters
ANKARA, March 23 (Reuters) - Turkey's central bank repeated on Thursday it is closely monitoring the supply-demand imbalances due to major earthquakes last month, as it kept its policy rate unchanged at 8.5% as expected. "It has become even more important to keep financial conditions supportive to preserve the growth momentum in industrial production and the positive trend in employment after the earthquake," the bank's policy committee said.


"The effects of the earthquake in the first half of 2023 will be closely monitored," it added. (Reporting by Ali Kucukgocmen and Ezgi Erkoyun; Editing by Jonathan Spicer)

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