Year-end dollar rate expectation rose to 8.71 in CBRT Expectations Survey By

© Reuters. – The CBRT published the May report of the Survey of Expectations, which it conducts monthly with representatives of the financial sector and real sector. In the survey conducted with 61 sector representatives, there was an increase in the inflation and exchange rate forecasts of the sector representatives in the last month.

Inflation expectation:

While it was 13.12% in the previous survey period, it became 13.81% in this survey period. While CPI expectation after 12 months was 11.26% in the previous survey period, it became 11.81% in this survey period.

Interest expectation:

While it was 19.03% in the previous survey period, it was 19.0% in this survey period. While the secondary market annual compound interest rate expectation after 12 months for GDDS with a maturity of five years or close to five years was 15.52% in the previous survey period, it increased to 15.63% in this survey period.

Exchange rate expectation:

While the expectation was 8.57 TL in the previous survey period, it became 8.71 TL in this survey period. While the expectation of exchange rate after 12 months was 8.78 TL in the previous survey period, it became 8.95 in this survey period.

GDP growth expectation:

The 2021 growth expectation, which was expected to be 4.3% in the previous month, was still maintained as 4.3%. While the GDP growth expectation for 2022 was 4.2% in the previous survey period, it became 4.1% in this survey period.

Author: Necdet Erginsoy

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