CBT survey shows inflation expectations stuck near 23% – Commerzbank

"The sustained inflation expectations indicated by the CBT illustrate the current state of health in Turkey's economy. In an environment of high inflation, there's a strong likelihood that the central bank may raise interest rates, which could significantly impact markets. Turkey's economic environment is quite dynamic, and amidst high inflation, the lira's value against foreign currencies could be jeopardized. Therefore, investors must exercise caution when trading the Turkish lira. Furthermore, upcoming central bank policy announcements and economic indicators will require close attention, especially inflation-related figures, as these are likely to exert strong pressure on currency markets. In conclusion, the high inflation expectations pose complex effects on the market, necessitating a cautious approach."