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MNI BRIEF: Household Inflation Expectations Above CBRT Data - TEBA Survey

(MNI) LONDON
Year-end inflation seen more than double CBRT target by Turkish households, monthly study finds
Central Bank of Republic of TurkiyeEM BriefEM Central Bank NewsStoryEM Policy News

Turkish household inflation expectations were unchanged from May, according to June’s TEBA annual and year-end inflation expectations survey, remaining significantly higher than data collected by the Central Bank of Turkey, which last week held rates at 50%.

Year-end inflation expectations were 93%, the study conducted by Koc University economists found, with inflation seen at 97% a year later. The CBRT reported last week that households see inflation at 71.5% in 12 months’ time, against a target of 38%.

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Turkish household inflation expectations were unchanged from May, according to June’s TEBA annual and year-end inflation expectations survey, remaining significantly higher than data collected by the Central Bank of Turkey, which last week held rates at 50%.

Year-end inflation expectations were 93%, the study conducted by Koc University economists found, with inflation seen at 97% a year later. The CBRT reported last week that households see inflation at 71.5% in 12 months’ time, against a target of 38%.