21.10.2020.

Results of Inflation Expectations Survey for September

According to the results of the September survey, short- and medium-term inflation expectations of the financial and corporate sectors moved within the target band (3±1.5%).
One-year ahead inflation expectations of the financial sector continued to linger around the present inflation level, measuring 2.0%, which is slightly lower compared to August. One-year ahead inflation expectations of corporates edged up relative to August, amounting to 1.9%.

Medium-term inflation expectations of the financial sector inched up from the previous survey, reaching 2.6%, while those of corporates rose to 1.8%.

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 (relevant historical time series, methodology and the survey questionnaire) can be accessed on the NBS website, section Publications.

Governor’s Office