Turkey’s Central Bank shares dollar expectation of the market

The Central Bank of Turkey (CBRT) has announced the results of the April survey of market participants. While the market’s expectations for the dollar and inflation rose, the interest rate expectation remained the same. The current account deficit expectation for 2022 increased to $ 27.5 billion.

The Central Bank of Turkey (CBRT) announced the results of the April survey of market participants. Accordingly, the participants’ dollar/TL expectation at the end of the current year was found as TL 16.85 in this survey period, while it was TL 16.68 in the previous survey period.

The expectation of the exchange rate after 12 months which was was TL 17.42 increased to TL 17.84 in said survey.

The participants’ expectation of the current month-end overnight interest rate in the BIST Repo and Reverse-Repo Market was 14.22 percent in the previous survey period, compared to 14 percent in this survey period.