10,081.00 TRY BIST 100 BIST 100
4.81 CNY CNY CNY
34.76 USD USD USD
36.78 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.82 TRY Interest Interest
71.52 USD Fossil Oil Fossil Oil
31.03 USD Silver Silver
4.19 USD Copper Copper
103.01 USD Iron Ore Iron Ore
349.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,640.09 TRY Gold (gr) Gold (gr)

Record increase in inflation expectations

A record correction was seen in the market participants survey conducted by the Central Bank of the Republic of Turkey (CBRT). In the survey, CPI expectations rose to the highest level of this year with 59.46 percent.

Record increase in inflation expectations

Inflation expectations are also revised upwards following the increase in the exchange rate.

The August 2023 Market Participants Survey was answered by 40 participants, including representatives of the real sector, financial sector and professionals, and the results were evaluated by aggregating the responses of the participants.

The current year-end consumer inflation (CPI) expectation of the participants was 59.46 percent in the current survey period, compared to 43.82 percent in the previous survey period.

The 12-month-ahead CPI expectation was realized as 42.01 percent in this survey period, while it was 33.21 percent in the previous survey period. 24-month-ahead CPI expectations were realized as 19.04 percent and 22.54 percent in the same survey periods, respectively.

In the August 2023 survey period, when the probability forecasts of the participants for 24 months ahead were evaluated, it was predicted that the CPI would increase between 16.00 - 20.99 percent with 27.84 percent probability, between 21.00 - 25.99 percent with 34.53 percent probability and between 26.00 - 30.99 percent with 18.85 percent probability.

Interest rate expectations also increased

The participants' expectation for the current month-end overnight interest rate in the BIST Repo and Reverse-Repo Market was 19.34 percent in this survey period, while it was 18.94 percent in the previous survey period.

The CBRT one-week repo auction interest rate expectation for the current month-end was 19.19 percent in this survey period, while it was 19.17 percent in the previous survey period.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Global and local economic developments: Latest developments in the US and Turkish markets

Saturday, November 30, 2024

Profits of industrial companies decreased by 10 percent in October in China

Wednesday, November 27, 2024

Türkiye's machinery exports amounted to 23.3 billion dollars in January-October period

Sunday, November 24, 2024

TOBB announced the number of closed and opened companies in October

Saturday, November 23, 2024

Europe's period of economic stagnation

Thursday, November 21, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now