Türkiye's central bank holds interest rate at 8.5 percent

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Türkiye's central bank holds interest rate at 8.5 percent

STORY: Türkiye's central bank holds interest rate at 8.5 percent DATELINE: March 24, 2023 LENGTH: 0:01:07 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank 2. various of Turkish Lira 3. various of Turkish flag 4. various of people at earthquake rubble in Turkey 5. various of the earthquake in Turkey STORYLINE: Türkiye's central bank on Thursday kept its interest rate unchanged at 8.5 percent after it eased the policy last month following devastating earthquakes. While the 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 bank said in a statement following the Monetary Policy Committee meeting. "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. Accordingly, the Committee h

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