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April Survey Results of the Central Bank of the Republic of Turkey have been announced. 🇹🇷🏦
💸 USD/TRY Expectation:
The year-end USD/TRY expectation decreased from 40.53 in the previous survey to 40.01 in April.
The 12-month ahead exchange rate expectation decreased from 42.79 TL in the previous survey to 42.47 TL in this survey.
🎈 Interest Rate:
The year-end Consumer Price Index (CPI) expectation was 44.19% in the previous survey, while it slightly decreased to 44.16% in this survey.
The 12-month ahead CPI expectation was 36.70% in the previous survey, which decreased to 35.17% in this survey.
The 24-month ahead CPI expectation was 22.67% in the previous survey, which decreased to 22.05% in this survey.
🧊 Inflation:
The year-end CPI expectation was 44.19% in the previous survey, slightly decreasing to 44.16% in this survey.
The 12-month ahead CPI expectation was 36.70% in the previous survey, which decreased to 35.17% in this survey.
The 24-month ahead CPI expectation was 22.67% in the previous survey, which decreased to 22.05% in this survey.
⛰️ Growth Expectation:
The GDP growth expectation for 2024 is 3.3%
The GDP growth expectation for 2025 was 3.8% in the previous survey, which decreased to 3.7% in this survey.
The Central Bank's April survey results indicate changes in exchange rates, interest rates, inflation, and growth expectations, with particular attention drawn to the decrease in USD/TRY expectation and slight decrease in inflation expectations.
