FKB: 2026 Year-End Inflation Expectations Rise to 30.47%, Credit Rate Hikes Anticipated

The Financial Institutions Association's (FKB) August Economic Outlook Index stood at 101.60 points, above the 100 threshold, with sector representatives raising inflation expectations to 30.47%. The 2027 year-end expectation was set at 23.38%.

Growth Expectations Showed Decline

■2026 year-end GDP growth expectation fell to 3.14%

■2027 growth expectation dropped to 3.56%

Currency Expectations Rose with Upside Movement

■2026 year-end USD/TRY expectation rose to 52.11

■2027 year-end expectation increased to 61.21

Credit Rate Hikes in the Forecast

■70% of respondents expect rising credit rates

■57% support rising transaction volumes

Rising inflation expectations signal continued cautious optimism in the non-bank financial sector, while the anticipation of credit rate hikes will increase consumer costs, we warn.