Central Bank of the Republic of Türkiye Market Participants Survey Results
The Central Bank of the Republic of Turkey (CBRT) announced the results of the Market Participants Survey conducted with 51 financial sector and 18 real sector experts. This survey is organized to evaluate the general situation and expectations of the economy.
Inflation Expectations
According to the results of August 2024, significant changes were observed in the inflation expectations of the survey participants. While participants’ current year-end consumer inflation (CPI) expectation was 42.95 percent in the previous survey, it increased to 43.31 percent in this period.
- CPI expectation after 12 months:
- Previous poll: 30.02%
- This survey: 28.71%
- CPI expectation after 24 months:
- Previous poll: 19.32%
- This survey: 19.30%
Exchange Rate Expectations
While the participants’ current year-end exchange rate (US Dollar/TL) expectation was determined as 37.37 TL in the previous survey period, it became 37.28 TL in this survey period. In addition, while the 12-month exchange rate expectation was 41.52 TL in the previous survey period, it was realized as 42.03 TL in this survey period.
Growth Prospects
Participants’ Gross Domestic Product (GDP) growth expectation for 2024 remained constant at 3.4% in this survey period, as in the previous survey period. However, while the GDP growth expectation for 2025 was 3.6% in the previous survey period, it was determined as 3.5% in this survey period.
