CBRT October 2026 Survey: Sign of improvement in inflation expectations!

The Central Bank of the Republic of Türkiye (CBRT) published the October 2026 Market Participants Survey. Accordingly; While the 24-month CPI expectation was 18.32 percent in the previous survey period, it was realized as 17.94 percent in this survey period.

ANNUAL INFLATION EXPECTATIONS

While participants' current year-end consumer inflation (CPI) expectation was 29.61 percent in the previous survey period, it became 29.63 percent in this survey period. While the 12-month CPI expectation was 23.70 percent in the previous survey period, it became 23.89 percent in this survey period. While the 24-month CPI expectation was 18.32 percent in the previous survey period, it was realized as 17.94 percent in this survey period.

EXCHANGE RATE EXPECTATIONS

While the participants' current year-end exchange rate (US Dollar/TL) expectation was 51.57 TL in the previous survey period, it became 51.55 TL in this survey period. While the exchange rate expectation after 12 months was 58.60 TL in the previous survey period, it was realized as 59.26 TL in this survey period.

GDP GROWTH DATA

While the participants' GDP growth expectation for 2026 was 3.0 percent in the previous survey period, it was 2.9 percent in this survey period. GDP growth expectation for 2027 was 3.9 percent in this survey period, as in the previous survey period.