CBRT: Year-end inflation expectations rise to 28.94%
The Central Bank's May Market Participants Survey shows that CPI expectations have increased by approximately 1.4 percentage points compared to the previous month.
The Central Bank of the Republic of Turkey (CBRT) shared its May Market Participants Survey with the public. According to the survey, market participants' year-end Consumer Price Index (CPI) inflation expectations rose to 28.94% from 27.53% recorded in April — a upward revision of roughly 1.4 percentage points.
The Market Participants Survey, published regularly each month by the CBRT, aggregates the expectations of banks, brokerage houses, and other financial institutions regarding key macroeconomic indicators such as inflation, growth, and exchange rates. The survey is widely recognized as an important reference in shaping monetary policy decisions.
The upward trend in expectations indicates that market participants maintain a cautious stance on short-term price pressures, while underscoring that steps to be taken in the fight against inflation will be closely watched.
Sources — how we know this
- PrimaryAnadolu Ajansı (TR)