Results of Survey on Inflation Expectations – Representatives of Financial Sector Expect Inflation of 8% in One Year

According to the results of a survey carried out by the Ipsos agency, representatives of the financial sector expects the inflation a year ahead – in February 2024 to be at 8%, which has remained unchanged through the previous five surveys. According to the results of the March survey by the Bloomberg agency, the expected inflation for one year ahead is lower and amounts to 7.2%, announced the National Bank of Serbia (NBS).

– 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.