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Inflation Expectations Ease Marginally in Latest CenBank Survey

TURKEY
BulletEM BulletEmerging Market NewsHomepage
  • The central bank released the results of its latest survey of market participants:
    • Inflation estimate next 12 months 35.17% (Prior: 36.70%)
    • Inflation estimate next 24 months 22.05% (Prior: 22.67%)
    • Year-end inflation estimate 44.16% (Prior: 44.19%)
  • Foreign investors’ questions about longevity of current economic policy have disappeared, Treasury & Finance Minister Simsek said at an event in Washington yesterday evening. He said price stability remains the “number one challenge”, and that Turkey needs to tighten fiscal stance – which would support monetary policy.
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  • The central bank released the results of its latest survey of market participants:
    • Inflation estimate next 12 months 35.17% (Prior: 36.70%)
    • Inflation estimate next 24 months 22.05% (Prior: 22.67%)
    • Year-end inflation estimate 44.16% (Prior: 44.19%)
  • Foreign investors’ questions about longevity of current economic policy have disappeared, Treasury & Finance Minister Simsek said at an event in Washington yesterday evening. He said price stability remains the “number one challenge”, and that Turkey needs to tighten fiscal stance – which would support monetary policy.