CBRT Survey: Inflation and USD/TRY Expectations Rise

According to the Market Participants Survey released by the Central Bank of the Republic of Turkey (CBRT), year-end inflation and USD/TRY exchange rate expectations have increased. Participants' year-end inflation expectation rose from 25.38% in the previous survey to 27.53%, indicating heightened concerns among market participants regarding inflation. The year-end USD/TRY exchange rate expectation increased from 50.97 TRY to 51.22 TRY. This rise in expectations reflects market perceptions regarding exchange rate and inflation dynamics. The survey results point to a period where monetary policy and economic indicators will be closely monitored. This is not investment advice.

📊 USDTRY — Piyasa Yorumu

▲ up · 60%

The headline indicates that inflation and dollar/TRY expectations have increased, which typically signals a depreciation of the Turkish lira. Technical indicators are mixed: RSI is in neutral territory, MACD is below the signal line, but the price is above the SMA50. In the short term, there is a possibility of USDTRY rising due to the pressure from heightened expectations, though confidence is moderate due to the mixed signals from the indicators.

RSI 14

54.7

MACD

0.01

24h Δ

0.02%

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