NBS: Short-term inflation expectations of Serbian financial sector remain at 3.5 pct

BELGRADE - According to the results of a September Ninamedia survey, short-term inflation expectations of the Serbian financial sector have remained unchanged at 3.5 pct for a third consecutive month, continuing to move within the National Bank of Serbia (NBS) target band, the central bank has said.

"The financial sector’s inflation expectations for two years ahead increased from 3.0 pct in August to 3.4 pct in September, while expectations for three years ahead remained unchanged at 3.0 pct for a fourth consecutive month," it said in a statement.

"According to the results of an October Bloomberg survey, one-year ahead inflation expectations of the financial sector declined to 3.7 pct, from 3.8 pct in September.

According to a September Ninamedia survey, one-year ahead inflation expectations of the corporate sector have remained unchanged since April, at 5.0 pct. Medium-term inflation expectations of corporates returned to 5.0 pct, which is the level at which they have stood for most of the year. This represents an increase relative to August, when expectations for two and three years ahead stood at 4.4 pct and 4.7 pct, respectively. Medium-term inflation expectations of the corporate sector have been moving within the 4.0–5.0 pct range since mid-2024.

Households’ inflation expectations for one and three years ahead have stayed unchanged in recent months, at 10 pct, while expectations for two years ahead declined from 10 pct in August to 8.0 pct in the September survey," it also said.