Inflation expectation increases by 11.5 percent

In the Central Bank’s survey of participants, the inflation expectation increased from 46.44 to 57.92 percent.

According to the CBRT survey, the dollar / tl expectation after 12 months was 18.47 in May. According to previous data, this number was 17.84.

DOLLAR TL RATE EXPECTATION GOES UP

The Central Bank (CBRT) announced the results of the May survey of market participants. Accordingly, the participants’ dollar/TL expectation at the end of the current year was TL 16.85 in the previous survey period and TL 17.57 in this survey period.

INFLATION EXPECTATIONS HAVE RISEN

Respondents’ expectations for consumer inflation (CPI) at the end of the current year were 46.44 percent in the previous survey period, compared to 57.92 percent in this survey period.

This seems to be another indication showing the administration will have a real hard time trying to have the inflation and currency rate under control again.