20/07/2021

Results of Inflation Expectations Survey for June

According to the June 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 stood at the target 3.0% in June, while the expectations of corporates remained at the May level (2.0%).

Two- and three-year ahead inflation expectations of the financial sector, like short-term expectations, moved around the NBS target midpoint (3%), while corporate sector expectations were somewhat lower (2%).

Anchored inflation expectations enhance the efficiency of the 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 more 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 the accompanying materials (time series, methodology and the survey questionnaire) can be accessed on the NBS website, section Publications.

Governor's Office