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12-Month Inflation Estimate Rises to 33.21%

TURKEY
  • The central bank released the results of its survey of market participants in July:
    • Year-end inflation estimate 43.82% (Prior: 38.55%)
    • 12-month inflation estimate 33.21% (Prior: 30.65%)
    • 24-month inflation estimate 19.04% (Prior: 18.12%)
    • 2023 GDP growth estimate 3.7% (Prior. 3.8%)
    • 2024 GDP growth estimate 4.3% (Prior: 4.5%)
  • President Erdogan will meet with CEOs of some of the largest American companies at a round table meeting on September 20, the Chair of the Turkey-US Business Council has announced. He also said that the 13th Turkey Investment Conference will take place in New York on September 19, which will be a road show for Turkey’s new economy program as Treasury and Finance Minister Simsek will be in attendance.
  • There are no more data releases or speaker events scheduled for the remainder of the day.

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