The Central Bank published the Market Participants Survey for August, which was conducted with 40 participants consisting of real and financial sector representatives and professionals.
While the current year end consumer inflation (CPI) expectation of the participants was 43.82 percent in the previous survey period, it became 59.46 percent in this survey period.
While the 12-month CPI expectation was 33.21 percent in the previous survey period, it became 42.01 percent in this survey period. The CPI expectation after 24 months was 19.04 percent and 22.54 percent, respectively, during the same survey periods.
Policy rate expectation for the end of the current month is 19.19 percent
While the current month-end overnight interest rate expectation of the participants in the BIST Repo and Reverse-Repo Market was 18.94 percent in the previous survey period, it became 19.34 percent in this survey period. While the CBRT one-week repo rate expectation for the current month end was 19.17 percent in the previous survey period, it was 19.19 percent in this survey period.
While the year-end dollar/TL expectation of the participants was 29.82, the 12-month dollar/TL expectation increased from 31.42 to 34.58.
The year-end current account deficit expectation, which was 41.6 billion dollars in the previous survey period, increased to 43.6 billion dollars in this period.
The current account deficit expectation for the next year was 30.6 billion dollars.