The inflation expectations of financial sector representatives for the next year remained unchanged at 3.9%, compared to the April survey, according to the May survey conducted by Ninamedia and published by the National Bank of Serbia (NBS). Regarding the results of the June survey by Blumberg, financial sector expectations for the next year continued to hover near the central target value and stood at 3.2%.
Economic expectations for the next year have not changed and for the third consecutive month remain at 5%.
“Mid-term inflation expectations of the financial sector are around the central target value of the National Bank of Serbia – inflation expectations for two years ahead are 3.2% (down from 3.3% in April), and for three years ahead they are 3.0% (unchanged from April). Expected inflation for two years ahead among business leaders decreased from 5.0% in April to 4.5% in May, returning within the National Bank of Serbia’s target range after slightly over two years. Expected inflation for three years ahead stands at 4.0% (3.8% in April),” stated the NBS.
It is also noted that the survey results on expectations from both the financial sector and the economy indicate that both sectors expect further easing of inflationary pressures in the coming period.
