CBRT’s August Market Participants Survey has been published

According to the Central Bank of the Republic of Turkiye (CBRT) Market Participants Survey, the year-end Consumer Price Index (CPI) increase expectation was 59.46%.

The Central Bank published the Market Participants Survey for August, which was conducted with 40 participants consisting of real and financial sector representatives and professionals.

The CPI increase expectation for August, which was 3.10% last month, rose to 5.54% in this survey period. The expectation for an increase in CPI for the end of the current year was 59.46%.

Expectations for an increase in CPI increased from 33.21% to 42.01% in 12 months and from 19.04% to 22.54% in 24 months.

While the year-end dollar/TL expectation of the participants was 29.82, the 12-month dollar/TL expectation increased from 31.42 to 34.58.

The year-end current account deficit expectation, which was $41.6 billion in the previous survey period, increased to $43.6 billion in this period.

The current account deficit expectation for the next year was $30.6 billion.

Policy rate expectation for the end of the current month is 19.19%

While the Gross Domestic Product (GDP) increase expectation for the current year remained constant at 3.7, the growth expectation for the next year decreased from 4.3% to 4%.

While the expectations for the end of the current month regarding the CBRT’s policy rate were 19.19%, the expectations for the next 3 months were determined as 25.00%.

The policy rate expectation for the next 12 months was 23.25%.

Source: AA / Prepared by Irem Yildiz

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