Central Bank announced: Here is the market's inflation, interest, growth and exchange rate forecast

The Central Bank of the Republic of Turkey (CBRT) published the results of the November Market Participants Survey. According to the survey prepared with the responses of 70 participants consisting of real sector, financial sector representatives and professionals, year-end inflation expectation increased from 29.63 percent to 30.04 percent.

In the survey, not only inflation expectations but also dollar/TL exchange rate forecasts changed upwards. On the other hand, growth expectations for the current year and next year remained at the same level.

INFLATION EXPECTATION INCREASED TO 30.04 PERCENT

According to the CBRT survey, the October CPI increase expectation, which was 1.18 percent last month, decreased to 1.09 percent in the November survey period.

On the other hand, there was an increase in year-end inflation expectations. The year-end CPI increase forecast, which was 29.63 percent in the previous survey, increased to 30.04 percent.

There was also an upward change in other inflation expectations. The CPI expectation after 12 months increased from 23.89 percent to 24.04 percent, and the expectation after 24 months increased from 17.94 percent to 18.02 percent.

EXCHANGE EXPECTATION

Expectations regarding the dollar exchange rate also increased in the survey.

Participants' year-end dollar/TL forecast increased from 51.5471 in the previous survey period to 51.6146.

12 months later dollar/TL expectation increased from 59.2596 to 60.7654.

CURRENT ACCOUNT DEFICIT EXPECTATION HAS DECREASED

Participants' forecasts regarding the current account deficit changed in different directions.

The year-end current account deficit expectation, which was 48.5 billion dollars in the previous survey period, decreased to 46.1 billion dollars in November.

The current account deficit expectation for next year increased from 43.8 billion dollars to 43.9 billion dollars.