The NBS Head Office Building was built from 1888 – 1890, on the basis of blueprints designed by Konstantin Jovanovic (Vienna 1849 – Zurich 1923), son to distinguished artist Anastas Jovanovic...
According to the August survey, short- and medium-term inflation expectations of the financial and corporate sectors continued to move within the NBS target band (3±1.5%).
For the third month in a row, one-year ahead inflation expectations of the financial sector stood at the target midpoint of 3.0%, while the expectations of corporates reached 2.5%, i.e. both the financial and corporate sectors perceive the currently higher inflation as temporary.
Two- and three-year ahead inflation expectations of the financial sector also stood at the target midpoint (3.0%), while those of the corporate sector were somewhat lower (2.0%).
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 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.