Turkey's CBank survey raises inflation, c/a deficit forecast

Expectation for Turkey's year-end current account deficit rose $1.22 billion to $71.99 billion as inflation forecast also increased to 7.21 percent from 7.19 percent, according to a Central Bank survey released on Monday.

Current account deficit forecast was $46.9 billion at the beginning of the year.

Results of the bimonthly survey for the second half of August showed that growth forecast fell to 6 percent from a previous expectation of 6.1 percent.

Also, expectation for end-2012 growth dropped to 4.4 percent from an earlier forecast of 4.8 percent.

Results of the poll showed that the Turkish lira was seen ending the year at 1.7 against the U.S. dollar. Earlier forecast stood at 1.7.

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


/World Bulletin/