The National Bank of Serbia published the latest Inflation Expectations Survey results, indicating that both short- and medium-term inflation expectations of the financial sector remain around the central value of the Bank’s inflation target (3 ± 1.5%). Financial-sector expectations for inflation one year ahead increased slightly to 3.4% in November. Financial-sector expectations for inflation two years ahead fell to 3.0% (from 3.3% in October), while three-year-ahead expectations were unchanged at 3.0%. A December Bloomberg poll put the financial sector’s one-year-ahead inflation expectations at 4.0% (3.5% in November). Business representatives’ short-term inflation expectations rose to 5.8% in November (from 5.0% in October), while medium-term inflation expectations for the economy remained unchanged at 5.0%. The National Bank of Serbia has reported monthly inflation expectations since May 2015 for the financial sector, the economy, trade unions and households, and has made supporting materials (time series, methodology and questionnaire) available on its website.
National Bank of Serbia 2025-12-15
National Bank of Serbia publishes November inflation expectations survey with financial-sector expectations near target and business expectations up to 5.8%
The National Bank of Serbia's latest Inflation Expectations Survey shows financial-sector inflation expectations at 3.4% for one year ahead and 3.0% for two and three years ahead. A Bloomberg poll indicates a higher one-year-ahead expectation of 4.0%. Business representatives' short-term expectations rose to 5.8%, while medium-term expectations remained at 5.0%.