NBS: Inflation expectations within target tolerance band

According to the results of a September survey conducted by the National Bank of Serbia (NBS), short- and medium-term inflation expectations of the Serbian financial and corporate sectors continued to move within the target tolerance band of 3±1.5 pct.

22 Oktobar 2019 16:41

BELGRADE - According to the results of a September survey conducted by the National Bank of Serbia (NBS), short- and medium-term inflation expectations of the Serbian financial and corporate sectors continued to move within the target tolerance band of 3±1.5 pct.

One-year ahead inflation expectations were lower in September than they were in August and stood at 2 pct in the financial sector and at 1.8 pct in the corporate sector.

Two-year ahead inflation expectations were lower as well, the NBS said

Medium-term inflation expectations of the financial sector stood at 2.4 pct while the expectations of the corporate sector were at 2.2 pct.

"Anchored inflation expectations enhance the efficiency of monetary policy in maintaining low, stable and predictable inflation in the medium run, which is one of the necessary preconditions of sustainable economic growth," the NBS said in a statement.


Photo: Tanjug/Milica Paunović., file


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