Inflation, growth and exchange rate expectations fell in the Central Bank of the Republic of Turkey's expectation survey. The year-end consumer price index (CPI) expectation decreased from 7.77 percent to 7.71 percent, while CPI expectation for the end of the next 12 months increased from 7 percent to 7.05 percent. In the survey, the year-end exchange rate for dollar expectation fell from 2.7807 to 2.7614 while the expectation for the end of the next 12 months fell from 2.8514 to 2.8213. Whereas year-end growth expectation decreased from 3.1 percent to 3 percent, the year-end current account deficit fell from $38.8 billion to $38.6 billion. The bank's repo auction interest rate for the end of the next 12 months decreased from 8.02 percent to 7.97 percent.
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