Turkey’s Central Bank shares market’s expectation of the dollar, interest and inflation

The market’s dollar and inflation expectations continued to increase in August, in the Central Bank survey. The Central Bank (CBRT) has announced the results of the August market participants survey. Accordingly, the participants’ expectation of dollar / TL at the end of the current year was 18.99 TL in the previous survey period, while it was found 19.65 TL in this survey period.

The exchange rate expectation after 12 months was realized as TL 20.92 and TL 22.03, respectively, during the same survey periods.

The participants’ expectation of the overnight interest rate at the end of the current month in the BIST Repo and Reverse Repo Market was 14.00 percent in the previous survey period and in this survey period.

INFLATION EXPECTATION RISES

While the current year-end consumer inflation (CPI) expectation of the participants was 69.94 percent in the previous survey period, it was 70.60 percent in this survey period.

The CPI expectation after 12 months was 40.23 percent in the previous survey period, while it was 41.99 percent in this survey period. The CPI expectation after 24 months was realized as 24.27 percent and 24.35 percent, respectively, in the same survey periods.