Results of Survey on Inflation Expectations – Representatives of Financial Sector Expect Inflation of 8% in One Year
– The short-term inflation expectations of economy representatives (the period one year ahead) have stabilized in the past six months and hovered around 10%, which is also the expected value recorded in the February survey – it is said.
When it comes to the inflation expectations for two and three years ahead, for both the financial sector and the economy, they are lower than the short-term expectations. As added, the expectations of representatives of the financial sector for two years ahead remain unchanged compared to the previous survey and amount to 5%, whereas those for three years ahead continue moving within the target band of the NBS, but at the level of 3.6% (lower compared to 4%, which is the expectation recorded in the January survey). As for the medium-term expectations of the economy, they remain unchanged and amount to 7% for two years ahead and 5% for three years ahead.
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