Short-term inflation expectations of financial sector increase to 4%

Short-term and medium-term inflation expectations of the financial sector, according to the results of the August survey, continued to move within the target range (3 ± 1.5%). According to the results of the August survey by the Ninamedia agency, short-term inflation expectations of the financial sector increased slightly compared to the previous survey and amounted to 4%, the National Bank of Serbia (NBS) announced. The expectations of the financial sector obtained based on the September survey by the Bloomberg agency are at a slightly lower level and amount to 3.7%.

Inflation expectations of representatives of the economy for a year ahead, according to the Ninamedia agency survey, after a one-time increase to 6% in July, returned in August to the level of 5%, which they were at in the previous part of the year, the statement points out.

According to the survey by the Ninamedia agency, the financial sector’s expectations for two years ahead remained at the same level as in the previous month and amounted to 3.5% in the August survey, while expectations for three years ahead increased slightly - from 3.1% in July to 3.3% in August. According to the same survey, the economy’s medium-term inflation expectations in August remained unchanged compared to the previous month, at 5%. The economy's medium-term expectations range from 4% to 5% from the end of 2023.

Narodna banka Srbije Beograd

National Bank of Serbia

inflation expectations