Inflation expectations of financial sector increase from 3.5% in June to 3.8%

The financial sector’s inflation expectations for a year ahead, according to the results of the July survey by the Ninamedia agency, increased from 3.5% in June to 3.8% in July, while they have been within the National Bank of Serbia’s target for more than a year and a half, the central bank announced.

According to the statement, the financial sector’s expectations in the August survey by the Bloomberg agency are 3.6%, which is an increase compared to July, when they were 3.4%.

Short-term inflation expectations of business representatives, according to the Ninamedia agency survey, after seven months, increased from 5% in June to 6% in July.

According to a survey by the Ninamedia agency, the financial sector’s expectations for two years ahead increased from 3.2% in June to 3.5% in July, while expectations for three years ahead decreased from 3.2% to 3.1%. According to the same source, the economy’s medium-term inflation expectations in July remained unchanged (5%) compared to the previous month. The economy’s medium-term expectations range from 4% to 5% from the end of 2023.

As a reminder, since May 2015, the National Bank of Serbia has been regularly reporting monthly on the inflation expectations of the financial sector, the economy, trade unions and the population.

Narodna banka Srbije Beograd

National Bank of Serbia

inflation expectations