According to the survey conducted by the Central Bank of the Republic of Turkey (CBRT), market participants’ year-end inflation expectation increased from 28.04% to 29.98%.

The year-end USD/TRY expectation rose from 42.79 lira to 43.60 lira compared to the previous survey period, while the 12-month forward exchange rate expectation increased from 44.42 lira to 45.85 lira.

The current month-end overnight interest rate expectation climbed from 42.33% to 46%.