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Inflation rate expectation up to 7.61% in Turkey

23 June 2011 [11:46] - TODAY.AZ
Expectation for Turkey's year-end inflation rate rose to 7.61 percent, according to results of the Turkish Central Bank's survey of expectations.

Year-end inflation rate was 7.54 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 5.5 percent from 5.3 percent. Growth expectation for 2012 remained same at 4.8 percent.

Expectation of current account deficit rose to $66.39 billion, up from an earlier projection of $63.5 billion.

The poll also showed that the Turkish lira was seen ending the year at 1.6 against the U.S. dollar. In previous survey, it was 1.58.


/World Bulletin/
URL: http://www.today.az/news/regions/88908.html

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