Figures Revised in Central Bank Expectation Survey

Pessimism came out of the forecasts...

The 2016 end-of-year exchange rate (US Dollar/TL) expectation was $3.12 during the previous survey period, while it increased to $3.34 during this survey period.

The current year-end TÜFE expectation was 7.81 percent during the previous survey period, while it was 7.80 percent during this survey period.

The current month-end interest rate expectation in BIST Repo and Reverse-Repo Market was 8.00 per cent during the previous survey period, compared to 8.10 per cent during this survey period.

GDP growth forecast for 2016 was 3.2 percent in the previous survey period, down to 2.9 percent in this survey period.

To Reach the Complete Survey of Expectations: http://www.tcmb.gov.tr/wps/wcm/connect/d1ee7b1d-41fc-40e6-9071-61685e7babba/BA-Rapor-Int.pdf?MOD=AJPERES&CACHEID=ROOTWORKSPACEd1ee7b1d-41fc-40e6-9071-61685e7babba