According to the Central Bank of the Republic of Turkiye (CBRT) Market Participants Survey, the year-end Consumer Price Index (CPI) increase expectation was 38.55%.
The Central Bank published the Market Participants Survey for the month of June, which was conducted with 38 participants consisting of real and financial sector representatives and professionals.
The CPI increase expectation for June, which was 2.49% last month, rose to 2.81% in this survey period. The expectation for an increase in CPI for the end of the current year was 38.55%.
Expectations for an increase in CPI increased from 29.84% to 30.65% in 12 months, and increased from 17.74% to 18.12% in 24 months.
While the year-end dollar/TL expectation of the participants was 26.18, the 12-month dollar/TL expectation increased from 24.61 to 28.99.
The year-end current account deficit expectation, which was $38.4 billion in the previous survey period, became $40.3 billion in this period.
The current account deficit expectation for the next year was $27 billion.
Policy rate expectation for the end of the current month is 17.56%
While the Gross Domestic Product (GDP) increase expectation for the current year increased from 3.7% to 3.8%, the growth expectation for the next year decreased from 4.6% to 4.5%.
While the expectations for the end of the current month regarding the CBRT’s policy rate were 17.56%, the expectations for the next 3 months were determined as 21.65%.
The policy rate expectation for the next 12 months was 19.30%.
Source: AA / Prepared by Irem Yildiz