As predicted by the financial sector, inflation will amount to 2.5 percent in May next year, while businessmen expect slightly lower inflation, at the level of 2 percent. This was shown by the May survey on inflation expectations.
According to the National Bank of Serbia, short-term and medium-term inflation expectations of the financial sector and the economy are within the target range – three plus or minus 1.5 percent. When it comes to medium-term inflation expectations, for May 2023 and 2024, in the financial sector, similar to the short-term ones, they are around the level of 2.5 percent, while the expectations of businessmen are somewhat lower and amount to 1.7 percent.
The NBS states that the achieved anchoring of inflation expectations contributes to increasing the efficiency of monetary policy in maintaining low, stable and predictable inflation in the medium term, which is one of the necessary preconditions for sustainable economic growth, Novosti reports.
