Free Trial

CBRT Raises Inflation Estimate Shy of Sell-Side Forecast

TURKEY

CBRT governor presents their inflation report, which shows the recent lower trend in commodity prices will impact global inflation positively, with domestic economic activity being sustainable. The report adds that indicators are showing exports maintained a strong performance in the second half of the year and forecasts CPI to peak in Autumn 2022.

Year-end inflation estimate is raised to 65.2% from 60.4% previously, shy of sell-side forecasts who'd seen an estimate of around 70%.


Full inflation forecast changes:

  • 2022 raised to 65.2% from 60.4%
  • 2023 raised to 22.3% from 19.2%
  • 2024 initiated at 8.8%
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.