The National Bank of Serbia published the results of its Inflation Expectations Survey, showing that short- and medium-term inflation expectations of the financial sector remained within the inflation target range of 3% ± 1.5 percentage points. Short-term expectations in the August Ninamedia survey edged up to 4.0%, while a September Bloomberg poll put financial-sector expectations slightly lower at 3.7%. For the economy, one-year-ahead inflation expectations in the Ninamedia survey returned to 5.0% in August after a one-off increase to 6.0% in July. Financial-sector expectations were unchanged at 3.5% for two years ahead, while three-year-ahead expectations rose to 3.3% from 3.1%; the economy’s medium-term expectations stayed at 5.0% and have ranged between 4.0% and 5.0% since the end of 2023.
National Bank of Serbia 2025-09-17
National Bank of Serbia publishes August inflation expectations survey showing financial-sector expectations within the 3% ± 1.5 percentage point target range
The National Bank of Serbia's Inflation Expectations Survey indicates that financial sector inflation expectations remain within the target range of 3% ± 1.5 percentage points. Short-term expectations rose to 4.0% in August, while medium-term expectations for the financial sector increased slightly to 3.3%. The economy's one-year-ahead expectations returned to 5.0% in August, with medium-term expectations stable at 5.0%.