The National Bank of Serbia (NBS) has announced that, according to the results of the October survey by Ninamedija, short-term inflation expectations of Serbia’s financial sector remained stable at 3.75%, staying within the target range of the central bank, which is 3% ± 1.5%. Additionally, according to the November survey by Bloomberg, inflation expectations continue to hover around 3.5%.
The NBS also stated that the expected inflation, as forecasted by the business sector for the next year, returned to the central bank’s target range, with a forecast of 4% in October, down from 5% in September.
As for the medium-term inflation expectations of the financial sector, they remained unchanged from the previous month, with expectations at 3.2% for two years ahead and 3% for three years ahead. This indicates that the financial sector anticipates inflation to stabilize around the NBS target in the medium term.
The NBS also noted that short-term and medium-term inflation expectations of the business sector for two and three years ahead were lowered to 4% in October.
The NBS has been regularly reporting on inflation expectations from the financial sector, the business sector, trade unions, and the general public since May 2015, as part of its effort to ensure transparent communication with the public.
