The Central Bank of the Republic of Turkey has announced its new dollar and inflation forecasts based on the Market Participants Survey. There was a significant increase in dollar and inflation expectations compared to the previous survey period.
The March results of the Market Participants Survey conducted by the Central Bank of the Republic of Turkey every month were shared today. The survey, attended by experts in the financial and real sector, was completed at the end of the year. dollar and inflation expectations showed. Interest rate expectations of experts remained the same.
According to the survey, the year-end current dollar/TL expectation, as 16.68 TL took place. The USD/TL expectation was announced as 16.04 in the previous month’s Market Participants Survey. Year-end current consumer inflation (CPI) expectation 40.47% this month declared as. Inflation expectation was 34.06% in the last survey period.
There was also an increase in expectations for the post-12 period:
Looking at the period after 12 months, a great increase was seen in the exchange rate expectation. While the USD/TL expectation was announced as 16.62 TL in the previous survey period, in the latest surveys as 17.42 TL took place. While the inflation expectation was 24.83% in the previous survey period, it became 26.43% in this survey period. CPI expectation after 24 months is also lowered from 15.42%. increased to 17.03%.
The GDP growth expectation for 2022 also decreased this month. The growth expectation, which was 3.7% in the previous survey period, has increased in this survey period. as 3.4% took place. The GDP growth expectation for 2023 did not change compared to the previous period. as 4.2% left.