Turkish cenbank says policy stance adequate to support recovery

ISTANBUL, March 30 (Reuters) - The Turkish Central Bank said on Thursday the current monetary policy stance was adequate to support recovery following last month's earthquake by maintaining price stability and financial stability.

In the minutes of last week's policy committee meeting, where the central bank left its key rate unchanged at 8.5%, it said the effect of quake-driven supply-demand imbalances on inflation was being closely monitored.

Domestic consumption demand, the high level of energy prices and weak economic activity in main trade partners was keeping the risks on the current account balance alive, it added.

Reporting by Ece Toksabay and Huseyin Hayatsever; Editing by Daren Butler and Bernadette Baum

Reuters

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Turkish cenbank says policy stance adequate to support recovery

By Reuters

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