According to the September survey by Ninamedija, short and medium-term inflation expectations in Serbia’s financial sector remain within the central bank’s target range of 3% ± 1.5%, the National Bank of Serbia (NBS) reported.
Financial sector expectations for one year ahead remain unchanged at 4.0%, while Bloomberg’s October survey shows slightly lower expectations at 3.8%. Short-term business expectations also remained stable at 5.0%, consistent with most of 2025.
Financial sector expectations for two years ahead stayed at 3.5%, and three-year expectations slightly decreased from 3.3% in August to 3.2% in September. Medium-term business expectations held steady at 5.0%, with a historical range since late 2023 between 4.0% and 5.0%.
Overall, both financial institutions and businesses see inflation remaining largely within the NBS target in the near to medium term.
