The Central Bank announced its year-end inflation and dollar forecast.

The Central Bank of the Republic of Turkey published the October Market Participants Survey conducted with 72 participants consisting of representatives from the real and financial sectors and professionals. Accordingly, the year-end CPI increase expectation rose from 43.14% to 44.11%. The expectation for CPI increase for 12 months later was 27.49%, while it was 27.44 during this survey period. For 24 months later, it was 18.38%, while it became 18.08.

DOLLAR FORECAST DECLINED

The year-end Dollar/TL expectation of the participants was 37.16 TL in the previous period, while it became 36.63 TL in this survey period. The exchange rate expectation for 12 months later was 42.43 TL in the previous survey period, while it was realized as 42.73 TL in this survey period.

POLICY INTEREST RATE YEAR-END EXPECTATION REMAINED UNCHANGED

Growth expectations were 3.2% in the previous survey period, while they were realized as 3.1% in this survey period. The GDP growth expectation for 2025 was 3.4% in the previous survey period, while it became 3.3% in this survey period. The current month-end expectation for the TCMB's policy interest rate remained at 50%, just like in the previous survey period.