The National Bank of Serbia published its latest inflation expectations survey results, showing that the financial sector's short term expectations eased and remained within the central bank's target range. According to the June Ninamedia survey, one year ahead expectations in the financial sector fell to 3.6% from 4.0% in May, while medium term expectations were broadly unchanged at 3.5% for two years ahead and 3.0% for three years ahead. In Bloomberg's July survey, one year ahead expectations for the financial sector were unchanged from June at 4.0%. Business inflation expectations were unchanged for a third consecutive month in the June Ninamedia survey, with both short term and medium term expectations at 5.0%, continuing to move within the 4.0% to 5.0% range seen over the past year. Household one year ahead inflation expectations fell to 10% in June from 15% in May, the lowest level since June 2024, while two year and three year ahead household expectations were unchanged at 10%.
National Bank of Serbia2026-07-14
National Bank of Serbia reports financial sector short term inflation expectations fell to 3.6% in June
The National Bank of Serbia's latest survey showed financial sector one year ahead inflation expectations fell to 3.6% in June from 4.0% in May, while medium term expectations stayed broadly stable. Business expectations were unchanged at 5.0% for a third straight month. Household one year ahead expectations dropped to 10%, their lowest level since June 2024.