What Kind of Inflation Do the Economy and Bankers Expect in the Coming Years?

According to the results of the Ipsos survey, representatives of the financial sector expect the inflation for a year ahead – in March 2023 – to be at 8%, which is an unchanged value during the past six months. According to the Bloomber survey from April, the expected inflation for a year ahead is lower and amounts to 7%, announced the National Bank of Serbia (NBS).

– When it comes to inflation expectations for two and three years ahead, for both the financial sector and the economy, they are considerably lower compared to short-term expectations. The expectations of the representatives of the financial sector for two years ahead remain unchanged compared to the previous survey and amount to 5%, whereas for a period of three years ahead, they have continued moving within the target bands of the NBS, at a level of 4%. As for medium-term expectations of the economy, they remain unchanged and amount to 7% for a period of two years ahead, whereas for a period of three years ahead, they are at 5% – the NBS says.

The results of the survey which pertain to the perception of the inflation for two and three years ahead point to the fact that both the financial sector and the economy expect the inflation pressures to lower in the coming period and the inflation to gradually return within the target band in the medium term.

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