The National Bank of Serbia released results from its Inflation Expectations Survey, indicating broadly stable inflation expectations, with the financial sector’s short-term expectations remaining within the limits of the inflation target for eighteen months. In the Ninamedia survey, the financial sector’s June short-term inflation expectations were unchanged at 3.5%, while the July Bloomberg poll showed a slight decline to 3.4% from 3.5% in June. Representatives of the economy kept one-year-ahead expectations unchanged for the seventh month at 5.0%. Medium-term expectations in June fell for the financial sector to 3.2% for both two and three years ahead, while the economy’s expectations stayed at 5.0% for two years ahead and returned to 5.0% for three years ahead after being lowered to 4.3% in May; the National Bank of Serbia noted that medium-term expectations for the economy have been in the 4.0% to 5.0% range since the end of 2023.
National Bank of Serbia 2025-07-18
National Bank of Serbia publishes inflation expectations survey showing financial sector at 3.5% and economy at 5.0%
The National Bank of Serbia's Inflation Expectations Survey shows stable inflation expectations, with the financial sector's short-term expectations within the inflation target for eighteen months. June's short-term expectations were 3.5%, while July's Bloomberg poll indicated a slight decline to 3.4%. Medium-term expectations for the financial sector fell to 3.2%, while the economy's expectations remained at 5.0% for two and three years ahead.