[ad_1]
Investing.com – CBRT announced its Expectations Survey with Real Sector and Financial Sector Officials.
In the Expectations Survey, representatives of the sector are asked for projections of inflation, growth, interest and exchange rate to follow the economic process. In this monthly survey, the estimates at the beginning of the year were as follows:
January 2020 Expectations Survey:
Expectation of inflation at the end of the year: 10.1%,
Expectation of the exchange rate in dollars at the end of the year: 6.40,
Growth forecast for 2020: 3.4% and the interest rate was 11.40%.
According to the latest survey of the year announced today by the center:
Current Year-End Expectation: While it was 12.47 percent in the previous survey period, it became 14.18 percent in this survey period. While the CPI expectation 12 months ahead was 10.77 percent in the previous survey period, it became 10.84 percent in this survey period. The CPI expectation of 24 months ahead was realized at 9.20 percent and 9.24 percent, respectively, during the same survey periods.
Expectation: While it was 7.89 TL in the previous survey period, it was 7.77 TL in this survey period. After 12 months, the exchange rate expectation was 8.41 TL in the previous survey period and 8.37 TL in this survey period.
Growth Expectation: While it was -0.6 percent in the previous survey period, it was 0.5 percent in this survey period. The GDP growth expectation for 2021 was 4.0% in the previous survey period and 3.8% in this survey period.
: Although the current expectation of the interest rate at a month-end day in the BIST Repo and Reverse-Repo market was 14.84 percent in the previous survey period, it was 16.09 percent in this period of the survey. The current end-of-month expectation of CBRT’s weighted average financing cost was 14.74 percent in the previous survey period and 16.07 percent in this survey period. The end-of-month expectation for the CBRT one-week repo auction rate was held at 14.49 percent and 16.18 percent, respectively, during the same survey periods.
Author: Necdet Erginsoy
Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on the information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.
[ad_2]
