According to the Central Bank’s Market Participants Survey, inflation is expected to be 32.46 percent by the end of the year. The year-end dollar estimate in the survey was 23,1161.
The Central Bank of the Republic of Turkey (CBRT) announced the results of the January Market Participants Survey. According to the survey, the year-end CPI expectation was determined as 32.46 percent. The CPI expectation at the end of the next 12 months was 30.44 percent. The year-end USD/TL expectation in the survey was 23,1161. While the expectation of exchange rate after 12 months was 22.77 TL in the previous survey period, it became 23.43 TL in this survey period.
GROWTH EXPECTATION HAS NOT CHANGED The GDP growth expectation of the participants for 2023 was determined as 4.1 percent, as in the previous survey period.
The year-end current account balance forecast was 30.7 billion dollars.