NBS: Serbian financial sector's one-year ahead inflation expectations at 3.75 pct

BELGRADE - According to a September Ninamedia survey, one-year ahead inflation expectations of the Serbian financial sector rose slightly to 3.75 pct from 3.5 pct in August, but remain within the National Bank of Serbia (NBS) target tolerance band, says the central bank.

"Expectations from the October Bloomberg survey are lower, at 3.4 pct. According to Ninamedia, one-year ahead corporate inflation expectations stayed unchanged at 5.0 pct, which is the value around which short-term expectations moved for the most part of the year," the NBS said.

"Two-year ahead expectations of the financial sector decreased from 3.3 pct in August to 3.2 pct in September, while three-year ahead expectations stayed unchanged in September, at 3.0 pct, suggesting that representatives of the financial sector expect that medium-term inflation will stabilise at around the NBS midpoint value. Corporate medium-term inflation expectations for two and three years ahead went slightly up, to 5.0 pct in September and became equal to short-term expectations," it also said.