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Turkish C.Bank raises inflation expectation

07 May 2011 [12:27] - TODAY.AZ
Expectation for Turkey's year-end inflation rate rose to 6.93 percent, according to results of a survey of expectations conducted by Turkish Central Bank.

It was 6.90 percent in the latest survey two weeks ago.

Central Bank's bimonthly survey of expectations is conducted on experts and decision makers from the financial and real sectors and professionals, pertaining to consumer price inflation, interest rates, exchange rate, current account balance and growth rate.

Central Bank's survey also showed that growth expectation for 2011 increased to 5.2 percent. However, growth expectation for 2012 remained unchanged at 4.8 percent.

Expectation of current account deficit rose to 56.9 billion USD, up from an earlier projection of 55.5 billion USD.


/World Bulletin/
URL: http://www.today.az/news/regions/85802.html

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