CBRT Survey Shows Rising Inflation and USD/TRY Expectations

According to the market participants survey released by the Central Bank of the Republic of Turkey (CBRT), year-end inflation expectations have increased. The expectation, which was 25.38% in the previous survey, rose to 27.53%. An increase was also recorded in exchange rate expectations. Participants' year-end USD/TRY exchange rate forecast was revised from 50.97 TRY to 51.22 TRY. These upward revisions in expectations indicate that market participants' outlook on inflation and the exchange rate has changed. This survey, regularly published by the CBRT, serves as an important indicator for measuring the expectations of financial market actors. The rise in inflation and exchange rate expectations is closely monitored among macroeconomic indicators. These developments are among the factors considered in monetary policy and economic outlook assessments. Not investment advice.

📊 USDTRY — Piyasa Yorumu

▲ up · 60%

The headline indicates that expectations for inflation and USD/TRY have risen in the CBRT survey; this generally implies an anticipation of Turkish Lira depreciation and could create upward pressure on USD/TRY. Technical indicators present a mixed outlook: RSI is in neutral territory, MACD is below the signal line, but the price is above the SMA50 and trading near the short-term SMA20. In the short term (1-3 days), increasing dollarization expectations and a technically neutral trend point to a cautious bullish outlook, though volatility may be high.

RSI 14

54.7

MACD

0.01

24h Δ

0.02%

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