The Central Bank published the Market Participants Survey for the month of July, which was conducted with 41 participants consisting of real and financial sector representatives and professionals.

The CPI increase expectation in July, which was 2.51 percent last month, rose to 3.76 percent in this survey period. The expectation for an increase in CPI for the end of the current year was 43.82 percent.

Expectations for an increase in CPI increased from 30.65 percent to 33.21 percent in 12 months, and from 18.12 percent to 19.04 percent in 24 months.

While the year-end dollar/TL expectation of the participants was 28.46, the 12-month dollar/TL expectation increased from 28.99 to 31.42.

The year-end current account deficit expectation, which was 40.3 billion dollars in the previous survey period, increased to 41.6 billion dollars in this period.

The current account deficit expectation for the next year was 28.6 billion dollars.


Policy rate expectation for the end of the current month is 19.17 percent

The expectation for an increase in Gross Domestic Product (GDP) for the current year decreased from 3.8 percent to 3.7 percent, and the growth expectation for the next year decreased from 4.5 percent to 4.3 percent.

While the expectations for the end of the current month regarding the CBRT’s policy rate were 19.17 percent, the expectations for the next 3 months were determined as 24.79 percent.

The policy rate expectation for the next 12 months was 21.48 percent.

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