Current inflation expectations of financial sector at same level as a month ago

Short-term and medium-term inflation expectations of the financial sector, according to the results of the September survey by the Ninamedia agency, continued to move within the target range (3 ± 1.5%), the National Bank of Serbia (NBS) announced.

The financial sector’s inflation expectations for a year ahead are also unchanged compared to the previous survey and amount to 4%. The financial sector’s expectations obtained based on the Bloomberg agency survey from October are at a slightly lower level and amount to 3.8%.

Short-term inflation expectations of business representatives, according to the Ninamedia agency survey, also remained unchanged compared to the previous month and amount to 5%, which is the value they recorded for most of this year.

According to the survey by the Ninamedia agency, the financial sector’s expectations for two years ahead were maintained at the same level as in the previous month and amounted to 3.5% in the September survey, while expectations for three years ahead were reduced from 3.3% in August to 3.2% in September. The economy’s medium-term inflation expectations in the September survey were 5%, which is the same level as in the previous month. 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