Serbian financial, corporate sectors expect 3.7-5.0 pct one-year ahead inflation

BELGRADE - According to the results of an August survey, short- and medium-term inflation expectations of the Serbian financial sector continued to move within the target band (3±1.5 pct), the National Bank of Serbia (NBS) has said.

"According to the Ninamedia survey carried out in August, short-term inflation expectations of the financial sector edged up slightly to 4.0 pct relative to the previous survey. Financial sector expectations from the September Bloomberg survey were somewhat lower, at 3.7 pct.

The Ninamedia survey indicates that, after a one-off rise to 6.0 pct in July, one-year ahead inflation expectations of corporates retreated to 5.0 pct in August, where they had been in the earlier part of the year," it said.

"According to this survey, two-year ahead expectations of the financial sector stayed unchanged from the previous month, at 3.5 pct in August, while three-year ahead expectations edged up from 3.1 pct in July to 3.3 pct in August. The same survey indicates that medium-term corporate expectations stayed unchanged at 5.0 pct in August relative to the previous month. These expectations have moved within the 4.0–5.0 pct range since end-2023," the central bank also said.