TCMB Survey: Year-End Inflation and Dollar Expectations Announced

TCMB's October Survey Results Announced

The Central Bank of the Republic of Turkey (TCMB) published its survey of market participants for October, revealing important economic data.

Inflation Expectations are Rising

According to the survey results, market participants' year-end inflation expectation for the current year has been set at 31.77%. This value was recorded at 29.86% in the previous survey period. The participants' expectations for the Consumer Price Index (CPI) 12 months later have increased from 22.25% to 23.26%.

Long-Term Inflation Predictions

24-month CPI expectations have also shown an increase, rising from 16.78% to 17.36%. These data indicate that challenges in the fight against inflation continue.

Exchange Rate Expectations

There have also been significant changes in exchange rate expectations. The year-end dollar/TRY expectation has been set at 43.56 TL, while in the previous survey period, this figure was determined to be 43.85 TL. The 12-month exchange rate expectation has risen from 48.96% to 49.75%.

Interest Rate Reduction Expectations on the Agenda

TCMB's Monetary Policy Committee (MPC) meeting scheduled for October 23 is eagerly anticipated by the market. Expectations suggest that there will be a 39% interest rate reduction at this meeting, which draws attention with a projected decrease of 150 basis points.

These survey results provide important clues about market dynamics and are likely to influence investors' decisions.