Turkey’s central bank said year‑end consumer price inflation expectations fell to 31.17% from 32.20%, according to its December survey of market participants.
The survey, conducted with 65 representatives from the real and financial sectors, showed monthly inflation expectations for December eased to 1.08% from 1.16%.
Twelve‑month inflation expectations dropped to 23.35% from 23.49%, while the 24‑month outlook declined to 17.45% from 17.69%.
Participants forecast the lira at 43.05 to the dollar by year‑end, down from 43.42, and at 51.08 in 12 months, up from 50.61.
The current account deficit expectation rose to $21.3 billion for 2025 from $20.9 billion in the previous survey, with next year’s forecast widening to $25.2 billion.
Growth expectations increased to 3.5% for this year and 3.9% for 2026.
Policy rate forecasts for upcoming central bank meetings stood at 38.2%, 37.01% and 35.55%, with the 12‑month outlook easing to 28.15%.