According to the Ipsos survey, the financial sector expects that in July 2024 inflation will stand at 7.0%, i.e. it will decline from the last survey’s 8%.
The last three Bloomberg surveys reported a similar level (7.0%) with one-year ahead inflation expectations at 6.9% in August.
As announced on the website of the National Bank of Serbia (NBS), short-term corporate expectations (one year ahead) continued decreasing for the second consecutive survey, this time with somewhat greater intensity than last month. Expectations stood at 9.8% in June and 9.2% in July.
Two- and three-year ahead inflation expectations of both the financial and corporate sectors are lower than short-term expectations. The two-year inflation projection by the financial sector remained unchanged from the last survey, i.e. it stands at 5.0% while the three-year projection is within the NBS tolerance band, at 3.8%.
Medium-term corporate expectations are lower than in June, for both periods. Two-year expectations dropped from 6.8% in June to 6.2% in July, and three-year projections from 5.0% in June to 4.8%.
Two- and three-year projections indicate that both the financial and corporate sectors expect the waning of inflationary pressures in the coming period and the gradual return of inflation within the target tolerance band in the medium run, the NBS adds.
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