The National Bank of Serbia released the results of its Inflation Expectations Survey, indicating that short-term inflation expectations in the financial sector edged down from 4.0% in March to 3.9% in April, remaining within the Bank’s target. Over the same horizon, representatives of the economy kept their one-year-ahead inflation expectations unchanged at 5.0% for the fifth consecutive month. Supporting indicators also pointed to a modest easing in expectations: the financial sector’s expectations in the Bloomberg survey decreased from 3.6% in April to 3.5% in May. In the Ninamedia April survey, the financial sector’s two-year-ahead expectations fell to 3.5% from 3.6%, while three-year-ahead expectations declined to 3.3% from 3.5%. For the economy, medium-term expectations continued to range between 4.0% and 5.0%, with two-year-ahead expectations lowering to 4.5% and three-year-ahead expectations remaining at 5.0%.
National Bank of Serbia 2025-05-20
National Bank of Serbia publishes inflation expectations survey showing financial sector expectations ease to 3.9% and economy steady at 5.0%
The National Bank of Serbia's Inflation Expectations Survey shows a slight decrease in short-term inflation expectations in the financial sector from 4.0% in March to 3.9% in April, aligning with the Bank's target. The economy's one-year-ahead inflation expectations remained steady at 5.0% for the fifth month. Supporting indicators reveal a modest easing, with financial sector expectations in Bloomberg and Ninamedia surveys showing slight declines across various time horizons.