National Bank of Serbia

01/21/2020 | Press release | Distributed by Public on 01/21/2020 09:11

Results of Inflation Expectations Survey for December

Results of Inflation Expectations Survey for December

According to the December survey, short- and medium-term inflation expectations of the financial and corporate sectors continued to move within the target band (3±1.5%).

One-year ahead inflation expectations of the financial sector remained at the November level of 2.0%, while those of corporates increased to 1.9%.

Medium-term inflation expectations of the financial sector declined relative to November to 2.3%, while those of corporates edged up slightly to 2.0%.

Anchored inflation expectations enhance the efficiency of monetary policy in maintaining low, stable and predictable inflation in the medium run, which is one of the necessary preconditions of sustainable economic growth.

For the purpose of transparent communication with the public, since May 2015 the NBS has been publishing regular monthly reports on inflation expectations of the financial sector, corporate sector, trade unions and households. The Report on the Results of the Inflation Expectations Survey and accompanying materials (methodology and the survey questionnaire) can be accessed on the NBS website, section Publications. The relevant historical time series are published in the Statistics section.

Governor's Office