According to an Ipsos survey, the Serbian financial sector expects December 2023 inflation to amount to 8.0%, unchanged for the third consecutive month, while a Bloomberg January survey reported lower one-year ahead inflation expectations of 7.1%, the National Bank of Serbia (NBS) said.
“Short-term inflation expectations of corporates (one-year ahead) stabilized in the last four months around 10.0%, this being precisely their level in the December survey,” the central bank said in a statement.
“Two- and three-year ahead inflation expectations of both the financial and corporate sector are lower than short-term expectations. Medium-term expectations of the financial sector stayed unchanged relative to the previous survey, measuring 5.0% for two years ahead, while three-year ahead expectations kept moving within the NBS target band, at 4.0%. Corporates expect inflation at the level of 5% for both periods, with two-year ahead expectations declining from the 7.0% reported in November.
The results of the survey for two and three years ahead might indicate that both the financial and the corporate sector expect a waning of inflationary pressures in the coming period and the gradual return of inflation within the target tolerance band in the medium run,” the NBS also said.
Source: Tanjug, Momentum
