It will be another active day for gram gold and dollar rates. Last night, the Fed increased the policy rate by 50 basis points. The most valuable data of the day will be the inflation numbers to be announced in the country, as it is the first time such a high interest rate increase has been made in 22 years. Inflation data for April, which will be announced by TURKSTAT, are on Turkey’s agenda. The numbers, which will be announced with a delay due to the Eid al-Fitr, will be announced at 10:00. Market participants expect annual inflation to rise to 68.3 percent in April.
Central Bank of the Republic of Turkey (CBRT) Leader Şahap Kavcıoğlu in his second inflation report of the year, “The midpoints of our inflation claim range correspond to 42.8 percent at the end of 2022, 12.9 percent at the end of 2023 and 8.3 percent at the end of 2024. Thus, we increased the year-end inflation forecast for 2022 from 23.2 percent to 42.8 percent with an update of 19.6 percentage points.”
While wondering about the expert comments on the markets, Finance Specialist Murat Özsoy talked about the dollar and gold markets. than the current levels in the near term.