What Will the Dollar and Inflation Be at the End of 2024?

The Central Bank of the Republic of Turkey (CBRT) published the May 2025 Market Participants Survey. Accordingly, the year-end Consumer Price Index (CPI) expectation increased compared to the previous month, from 29.98% to 30.35%. However, the inflation estimate for the 12-month period decreased from 25.56% to 25.06%, signaling a slight optimism. The CPI expectation for the 24-month period increased from 17.69% to 17.77%. The dollar estimate was…

The results of the Central Bank's Market Participants Survey for the April 2025 period were announced. Accordingly, the year-end dollar/TL expectation increased from 43.60 TL to 43.70 TL. The year-end inflation expectation increased from 29.98 percent to 30.35 percent.