Turkish end-year inflation expectations rise to 7.29% in April

By bne IntelliNews April 17, 2015

End-year inflation expectations rose, for a second consecutive month, to 7.29% y/y in April from 6.98% y/y in March, the Central Bank said on April 17.

Participants of the Central Bank’s monthly expectations survey also revised up their 12-month ahead inflation expectations from 6.78% to 6.91%. Consumer prices are expected to increase 0.85% m/m in April, higher than the previous month’s estimate of 0.73% for April.

GDP growth expectations for 2015 were cut to 3.1% in April from a previous 3.3%. The country’s current account deficit is expected to be $37.9bn at the end of 2015 whereas the previous estimate was $39.4bn.

Central Bank Expectations Survey
	Oct	Nov	Dec	Jan	Feb	Mar	Apr
End-Year Inflation (%)	9.16	9.22	9.02	6.82	6.77	6.98	7.29
12-Month Ahead Inflation (%)	7.54	7.50	7.21	6.81	6.69	6.78	6.91
End-Year Current Account Deficit ($ bn)	-47.8	-46.7	-44.6	-41.4	-40.3	-39.4	-37.9
End-Year GDP Growth (%)	3.2	3.2	3.0	3.4	3.5	3.3	3.1
Source: tcmb

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Turkish end-year inflation expectations rise to 7.29% in April

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Turkish end-year inflation expectations rise to 7.29% in April

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