Turkey Central Bank Survey Sees End-2010 Cpı +8.06%
The Turkish consumer price index is likely to rise 8.06% on the year by the end of 2010, the Turkish central bank's latest survey showed Monday.
The estimate is lower than the 8.17% increase forecast in the previous twice-monthly survey of business leaderseconomists.
The most recent official data showed consumer prices rising 1.45% on the month in February, taking the annual inflation rate to 10.13%.
The central bank's survey also gave March's expected monthly inflation rate at 0.69%, unchanged from the previous forecast.
Expectations for Turkey's 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 $24.204 billion in 2010, against a previous survey forecast of $23.372 billion.
In 2009 as a whole, the current account deficit was $13.854 billion, narrowing from a deficit of $41.947 billion the previous year.
The survey forecast that the Turkish lira will trade at TRY1.5636 against the dollar by the end of the year, compared with a previous forecast of TRY1.5590. It currently trades around TRY1.5450.
(SB-SB-ENG)