Inflation expectations up to 6.99% in Turkish CBank survey

A bimonthly Central Bank survey showed on Monday that expectations for Turkey's year-end inflation rate had risen to 6.99 percent.

In its latest survey conducted in the first half of May, Turkish Central Bank's year-end inflation expectation was 6.93 percent.

Forecasts for year-end economic growth remained unchanged at 5.2 percent in the second edition of the survey, while growth expectation for the end of 2012 also remained at
4.8 percent.

Meanwhile, expectations for current account deficit rose to 61 billion USD, up from an earlier projection of 56.9 billion USD.

The survey also estimated that the Turkish lira would end the year at 1.58 against the U.S. dollar. Forecasts in the previous survey stood at 1.57.

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.


/World Bulletin/