The expectation of market participants for the dollar exchange rate at the end of the year was

According to the survey conducted with 56 participants;

-The inflation expectation at the end of the year was 16.30% in the previous survey period, while it increased to 16.74% during this survey period

- the CPI expectation after 12 months was 12.48% during the previous survey period, while it increased to 12.94% during this survey period.

- the CPI expectation after 24 months was 10.52% and 10.71%, respectively, during the same survey periods.

-The expectation of the exchange rate at the end of the year was TL 8.94 during the previous survey period, while it was TL 8.92 during this survey period.

- the expectation of the exchange rate after 12 months was 9.37 TL in the previous survey period, while in this survey period it was 9.56 TL.

-The expectation of the current monthly overnight interest rate formed in the BIST Repo and Reverse Repo Market and the expectation of the CBRT one-week repo tender interest rate for the current month remained at 19.0%, as in the previous survey period.

-The GDP growth expectation for 2021 increased to 8.2% during this survey period from 6.0% during the previous survey period. The GDP growth expectation for 2022 was 4.0% in the previous survey period and 4.2% in this survey period.

Source: investing.com

Author: Necdet Erginsoy