In a survey conducted by the CBRT with its participants in the financial and real sectors, there was an increase in the year-end CPI and exchange rate forecasts of sector representatives.
According to the survey conducted with 56 participants;
-The inflation expectation at the end of the year was 16.30% in the previous survey period, while it increased to 16.74% during this survey period
- the CPI expectation after 12 months was 12.48% during the previous survey period, while it increased to 12.94% during this survey period.
- the CPI expectation after 24 months was 10.52% and 10.71%, respectively, during the same survey periods.
-The expectation of the exchange rate at the end of the year was TL 8.94 during the previous survey period, while it was TL 8.92 during this survey period.
- the expectation of the exchange rate after 12 months was 9.37 TL in the previous survey period, while in this survey period it was 9.56 TL.
-The expectation of the current monthly overnight interest rate formed in the BIST Repo and Reverse Repo Market and the expectation of the CBRT one-week repo tender interest rate for the current month remained at 19.0%, as in the previous survey period.
-The GDP growth expectation for 2021 increased to 8.2% during this survey period from 6.0% during the previous survey period. The GDP growth expectation for 2022 was 4.0% in the previous survey period and 4.2% in this survey period.
Source: investing.com
Author: Necdet Erginsoy