Turkish CB revises year-end current deficit figure up at $70.7 bln

The bank said year-end inflation was expected to be at 7.19 percent, stating that the figure was 7.33 percent in the previous survey.

Turkish CB revises year-end current deficit figure up at $70.7 bln

A survey of expectations of Turkish Central Bank has put year-end current deficit figure at 70.7 billion U.S. dollars.

The Central Bank said on Monday its survey for the first half of August saw the figure up from 68 billion U.S. dollars according to a previous survey.

The bank said year-end inflation was expected to be at 7.19 percent, stating that the figure was 7.33 percent in the previous survey.

According to the survey, year-end growth rate stands at 6.1 percent.

The survey said expectation for consumer prices index was 0.33 percent for August and the figure was 0.05 percent in the survey for the second half of July.

The poll also showed that the Turkish lira was seen ending the year at 1.7 against the U.S. dollar. In previous survey, it was 1.64.

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Last Mod: 08 Ağustos 2011, 16:57
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