TCMB survey announced: Here are the interest, inflation and dollar expectations

The Central Bank (CBRT) announced the results of the August market participant survey.

Accordingly, the 2024 year-end USD/TL expectation, which was 37.37 in the previous survey, was 37.28 in the August survey.

The 12-month-ahead dollar exchange rate expectation, which was 41.52 in the July survey, was 42.03 in the August survey.

INTEREST RATE EXPECTATIONS DECREASED

Participants' expectation for the current month-end overnight interest rate in the BIST Repo and Reverse-Repo Market was 50.30 percent in the previous survey period, while it was 50.00 percent in this survey period.

The CBRT one-week repo auction interest rate current month-end expectation was 50.00 percent in the August survey, as in the previous survey period.

INFLATION EXPECTATIONS INCREASED

Participants' current year-end consumer inflation (CPI) expectation was 42.95 percent in the July survey, while it was 43.31 percent in the August survey.

While the 12-month CPI expectation was 30.02 percent in the previous survey period, it became 28.71 percent in this survey period. The 24-month CPI expectation was 19.32 percent and 19.30 percent in the same survey periods, respectively.