Year‑End Inflation Expectations Rise to 28.94% in Turkish Central Bank Survey

The Turkish Central Bank’s (TCMB) May Market Participants Survey shows that year‑end inflation expectations have increased from 27.53% to 28.94%. The survey also indicates rises in 12‑month and 24‑month expectations. A large majority of participants forecast that the Consumer Price Index (CPI) will remain within the 16%–25% range over the next two years. This uptick reflects growing uncertainty and price pressures in the market, potentially heightening pressure on the central bank’s monetary policy. Higher inflation expectations raise the likelihood of interest rate hikes and can influence consumer spending and investment decisions. For investors, these developments suggest a need to review risk‑management and portfolio diversification strategies. This is not investment advice.