Inflation expectations at year’s peak – Bloomberg HT

After the increase in the exchange rate, inflation expectations are also revised upwards.

According to the July market participants survey conducted by the Central Bank of the Republic of Turkey (CBRT), it was 33.21 percent for the next 12 months. The expectation in the previous survey period was determined as 30.65%.

The expectation for the end of the year increased from 38.55% to 43.82%.

While the current year end expectation of the participants was 26.18 TL in the previous survey period, it was 28.46 TL in this survey period.

While the expectation of exchange rate after 12 months was 28.99 TL in the previous survey period, it was 31.42 TL in this survey period.

While the GDP growth expectation of the participants for 2023 was 3.8 percent in the previous survey period, it became 3.7 percent in this survey period.

While the GDP growth expectation for 2024 was 4.5 percent in the previous survey period, it was recorded as 4.3 percent in this survey period.

While the median expectation for the 1-week repo rate, which was 15 percent in the survey, was 19.17 percent at the end of the month, the expectation for the next 3 months was 24.79 percent.