Turkey Central Bank Survey Sees End-2010 Cpı +7.55%
The Turkish consumer price index is likely to rise 7.55% on the year by the end of 2010, the central bank's latest survey showed Monday.
The estimate is higher than the 7.50% forecast in the previous twice-monthly survey of business leaderseconomists.
The most recent official data showed consumer prices rising 1.85% on the month in January, taking the annual inflation rate to 8.19%.
The central bank's survey also gave February's expected monthly inflation rate at 0.75%, lower than a previous forecast of 0.80%.
Expectation of Turkish gross domestic product for this year didn't change from the previous forecast of a 3.9% rise, according to the survey.
In the third quarter, GDP fell by an annual 3.3%, after a 7.9% contraction in the second quarter.
Data from the central bank survey also showed that market participants expect Turkey's current account deficit to total $23.251 billion in 2010, against a previous survey forecast of $22.579 billion.
In 2008, the current account deficit widened to $41.42 billion, from a deficit of $38.2 billion a year earlier.
The survey forecast that the Turkish lira will trade at TRY1.5554 against the dollar by the end of the year, compared with a previous forecast of TRY1.5513. It currently trades around TRY1.5270.
(SB-SB-ENG)