Economy in Turkey: Central Bank shares results of “Participants Survey” for inflation and foreign currency

The Central Bank released the statistics of the “Participants Survey in the Market” for March 2024. According to this, the following results were shared.

Participants Survey in the Market | March 2024

The Market Participants Survey for March 2024, consisting of 70 participants from the real sector and the financial sector, was answered, and the results were evaluated by aggregating the participants’ responses.

Annual Inflation Expectations: 44.19 percent

The Market Participants Survey for March 2024, consisting of 70 participants from the real sector and the financial sector, was answered, and the results were evaluated by aggregating the participants’ responses.

Participants’ expectations for consumer inflation (CPI) at the end of the current year were 42.96% in the previous survey period, while it was 44.19% in this survey period. Their expectations for CPI 12 months later were 37.78% in the previous survey period, while it was 36.70% in this survey period. The expectations for CPI 24 months later were 23.05% and 22.67% in the same survey periods, respectively.

Exchange Rate Expectations: Dollar TL rate ate 40.53

Participants’ expectations for the end-of-year exchange rate (US Dollar/TL) in the current year were 40.02 TL in the previous survey period, while it was 40.53 TL in this survey period. Their expectations for the exchange rate 12 months later were 41.15 TL in the previous survey period, while it was 42.79 TL in this survey period.