Central Bank announces new forecasts: What is the latest on dollar and inflation projections?
According to the CBRT's February survey of market participants, the year-end 2025 dollar forecast has declined, while inflation expectations have risen. While a decrease in interest rates is anticipated, the growth forecast has been revised downward.
The Central Bank of the Republic of Turkey (CBRT) has announced the results of its February survey of market participants. Significant changes have occurred in expectations for the dollar/TL exchange rate, interest rates, inflation, and growth.
DOLLAR EXPECTATION DECLINED
The dollar/TL forecast for the end of 2025, which was 43.03 in January, fell to 42.89 in the February survey. Markets are closely monitoring the limited retreat in the dollar exchange rate.
INFLATION EXPECTATION ROSE
According to the CBRT survey, the inflation forecast has been revised upward. Experts state that rising costs and domestic demand could increase inflationary pressures.
DECLINE IN INTEREST RATES AND GROWTH
While the policy rate expectation has shown a decline, the growth forecast has also been revised downward. Economists continue to evaluate the effects of interest rate easing on growth.
INTEREST RATE EXPECTATION
The expectation for the overnight interest rate at the end of the current month fell from 45.00 percent in the previous survey period to 44.79 percent.
The participants' growth expectation for 2025 has declined to 3.0 percent.
News Source: 12punto
Most Read
Striking picture for Özgür Özel's 'New Party'
Özgür Özel gives a dated response regarding the number of resignations
Forest fire in Antalya brought under control
Houthis strike Saudi-owned tanker
4 drones shot down near US Consulate General in Erbil
Özel’s new party move in the world press
Famous director Ezel Akay and his brother have been detained
The new rule of the field: Attrition
'Papers with spells and curses' operation: 'Master, my spouse filed for divorce'
Key figure in Epstein files found dead at home