Turkey's year-end inflation expectations down: cbank

Expectations for Turkey's year-end inflation has gone down to 7.73 percent from a previous projection of 8.01 percent, according to Turkish Central Bank.

Turkey's year-end inflation expectations down: cbank

 

Expectations for Turkey's year-end inflation has gone down to 7.73 percent from a previous projection of 8.01 percent, according to a biweekly survey of Turkish Central Bank.

Expectations for consumer price index (CPI) for July also dropped to 0.02 percent from 0.12 percent, the survey showed on Thursday.

The Central Bank survey is conducted twice a month to find out the expectations of experts and decision makers from the financial and real sectors and professionals.

The bank said 12-month estimates for inflation dropped to 7.24 percent from 7.35 percent and 24-month inflation expectations fell to 6.85 percent from an earlier 6.86 percent.

Expectations for year-end current account deficit climbed to 31.71 billion USD. It was 31.05 billion USD in the latest survey.

Year-end GDP growth forecast also rose to 5.4 percent when compared to earlier estimate of 5.2 percent.
 

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Güncelleme Tarihi: 09 Temmuz 2010, 11:36
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