Turkey's Year-end İnflation And Dollar Rate Expectations Rise

Turkey's year-end inflation expectations rose in April survey, in the second successive month, due to lira depreciation expected to fuel consumer prices, while growth expectation according to the data released by the Central Bank on Friday.

Consumer inflation expectations for the end of current year rose to 7.29 percent in April, up from 6.98 percent in March, which was at 6.77 percent in Februray survey, while expectations for inflation at the end of the next 12-month rose to 6.91 percent, from 6.78 percent, over the same period.

Dollar rate expectations rose to 2.7012 lira in April survey, up from 2.6116 lira, which was at 2.50 lira in Februar survey, while year-end GDP growth expectations fell to 3.1 percent from 3.3 percent, over the same period. - Istanbul