Turkey Inflation expectation up in Central Bank's survey of expectations

ANKARA (A.A) - 22.02.2011 - Expectation for Turkey's year-end inflation rate rose to 6.64 percent, according to results of a survey of expectations conducted by Turkish Central Bank.
It was 6.56 percent in the latest survey two weeks ago.
Central Bank's bimonthly survey of expectations is conducted on experts and decision makers from the financial and real sectors and professionals, pertaining to consumer price inflation, interest rates, exchange rate, current account balance and growth rate.
Turkish statistics authority, TurkStat, announced earlier this month that as of January, annual inflation was recorded at 4.9 percent based on consumer prices.
Central Bank's survey also showed that growth expectation for 2011 remained unchanged at 5 percent. However, growth expectation for 2012 rose to 4.9 percent from an earlier expectation of 4.8 percent.
Expectation of current account deficit rose to 49.3 billion USD, up from an earlier projection of 48.5 billion USD.
The poll also showed that the Turkish lira was seen ending the year at 1.57 against the U.S. dollar, the same as expected in previous survey.