This deviation leads the economy astray

In the December Market Participants Survey conducted by the Central Bank with real sector and financial sector representatives and professionals, the year-end inflation expectation increased from 19,31 percent to 23,85 percent.

Sharing the Market Participant Survey, Central Bank (MB) incraised its year-end forecast again. 

The Central Bank, which announced its year-end inflation forecast as 9,4 percent in January, later updated this forecast to 14,8 percent and 19,31 percent. 

However, the Central Bank, which did not hit these marks, updated its new year inflation forecast to 23,85 percent, causing people to react. 

On the other hand, in the Central Bank's survey, the 12-month Consumer Price Index (CPI) expectation increased from 15,61 percent to 21,39 percent, and the 24-month CPI expectation increased from 11,76 percent to 14,41 percent.

In addition, while the current year-end Dollar ($) expectation was 9,98 Turkish Liras (TL) in the previous survey period, it increased to 13,77 TL in this survey period. 

The dollar expectation after 12 months, which was 10,93 TL in the previous survey period, increased to 15,56 TL in this survey period.