Central Bank’s September Survey shows year-end inflation expectation at 13.96

Year-end CPI (Consumer Price Index) expectation was found 13.96 in the September survey made by Central Bank. This corresponded to a decrease of 46 points as compared to earlier expectations.

On the other hand US dollar / TL rate expectation which was 5.90 earlier, went up to 6 again.

As the year-end exchange rate expectation (USD / TL) increased from TL 5.90 to TL 6.00, Expectation for 12 months the exchange rate for US$ / TL was found 6.35.

The current account deficit expectation for 2019 was US $ 6.7 billion in the previous survey period, compared to US $ 5.9 billion in this survey period. The current account deficit expectation for 2020 was US $ 16.9 billion and US $ 16.3 billion in the same survey periods, respectively.

While the GDP growth forecast for 2019 was 0.02 percent in the previous survey period, it was 0.01 percent in this survey period. Growth rate expectation for the year 2020 did not change and was calculated at 2.6 percent.