Expectation on year-end inflation reached 11.54% in March, according to the Central Bank’s Expectation Survey. The Consumer Price Index (CPI) expectation was 11.23% in the previous survey.
The 12-month CPI increased from 10.36% to 10.47% and the 24-month CPI rose from 9.03% to 9.18% for the next 24 months, compared to the previous survey.
USD/TRY expectation is 7.95
Meanwhile, the year-end USD/TRY expectation rose from 7.7865 to 7.9455, while 12-year USD/TRY is estimated at 8.1970.
CAD is expected to reach USD 25.2bn
The current account deficit (CAD) expectation increased from USD 24.1bn to USD 25.2bn, compared to the previous survey. Moreover, CAD is expected to reach USD 23.4bn in 2022, according to the Central Bank’s survey.
Growth expectation reaches 4.4%
Expectation on Gross Domestic Product growth rate rose to 4.4% for 2021, from 4.1% compared to the previous survey. Accordingly, GDP growth rate expectation for 2022 declined to 4.2% from 4.3%, the survey showed.
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