According to a survey conducted by Ninamedia, inflationary expectations within the financial sector for the upcoming year have slightly risen, moving from 3.75 percent in December to 3.9 percent in January. The National Bank of Serbia (NBS) highlighted that these expectations continue to fall within the NBS target range of 3.0 percent, plus or minus 1.5 percent. Meanwhile, the Bloomberg agency’s February survey indicated no change in the expectations for the fourth consecutive month, maintaining a forecast of 3.5 percent inflation.
Representatives of the economy, as per Ninamedia’s survey, expect a 5.0 percent inflation rate in one year, which aligns with the average expectation observed throughout the previous year.
Looking ahead, financial sector expectations for inflation two years from now have slightly increased from 3.3 percent in December to 3.5 percent in January, staying close to the central value of the NBS target. Expectations for inflation three years ahead remained stable at 3.0 percent.
For the medium term, the economy’s inflationary expectations for both two and three years ahead have settled at 4.0 percent. This reflects a decline from 4.9 percent for the two-year forecast in December, while expectations for the three-year period have remained unchanged.
