Turkey Survey Cuts 2026 GDP Growth View to 3.1% as Markets See 37% Rate Hold
Updated
Updated · Fibre2fashion.com · Jul 22
Turkey Survey Cuts 2026 GDP Growth View to 3.1% as Markets See 37% Rate Hold
3 articles · Updated · Fibre2fashion.com · Jul 22
Summary
3.1% is the new 2026 GDP growth forecast in the CBRT monthly survey, down from 3.2%, while the 2027 projection stayed at 4.1%.
37% is still the expected policy rate for the July 23 CBRT meeting, with respondents continuing to price in rate cuts from September and a 12-month average rate of 29.4%.
31.6% is the implied July annual inflation reading, down from 32.2% in June, but the 12-month inflation expectation edged up to 24.0% from 23.8% as the 24-month view eased to 17.8%.
$49.2 billion remained the expected 2026 current account deficit, while the 2027 forecast widened to $43.3 billion from $42.5 billion; the rolling 12-month deficit stood at $37.3 billion in May.