Representatives of the financial sector expect the year-on-year inflation rate to be 5.7 percent in November 2024, representing a further reduction in projections for the third consecutive month. In the previous October survey, expectations were at 5.9 percent, according to the survey results conducted by Ipsos and published by the National Bank of Serbia (NBS).
Inflation expectations of the financial sector have been on a declining path, as indicated by the survey results from Bloomberg. According to the latest December survey by Bloomberg, the expected inflation for the next year is 4.5 percent, bringing the inflation expectations of the financial sector within the target range of the National Bank of Serbia for the first time since April 2022.
Short-term inflation expectations of business entities (for the next year) decreased from nine percent in October to seven percent in November, marking the lowest level of inflation expectations for the year.
The financial sector’s expectations for two years ahead in November are slightly higher than in October, standing at 4.2 percent (compared to four percent in October).
Expected inflation for three years ahead is at the level of 3.5 percent (compared to three percent in October), maintaining the medium-term inflation expectations within the target range set by the National Bank of Serbia for both periods.
Medium-term expectations of business entities remained unchanged compared to the October survey, with values of six percent for two years ahead and five percent for three years ahead.
