Serbian financial, corporate sectors expect 3.8-5.0 pct one-year ahead inflation

BELGRADE - According to the results of a September Ninamedia 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.

"One-year ahead inflation expectations of the financial sector stayed unchanged relative to the previous survey and stood at 4.0 pct. According to the October Bloomberg survey, financial sector expectations stood at a somewhat lower level, at 3.8 pct," it said in a statement.

"Short-term inflation expectations of corporates also stayed unchanged from the previous month, at 5.0 pct according to Ninamedia, the level they have been at for the most part of the year.

According to this survey, two-year ahead expectations of the financial sector stayed unchanged from the previous month, at 3.5 pct in September, while three-year ahead expectations edged down from 3.3 pct in August to 3.2 pct in September. Medium-term inflation expectations of corporates measured 5.0 pct in the September survey, the same as in August. These expectations have moved within the 4.0–5.0 pct range since end-2023," the central bank said.