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...
22/05/2023
According to the Ipsos survey, the financial sector expects inflation to be 8.0% in April 2024, unchanged since the beginning of the year. The Bloomberg May survey reports lower one-year ahead expected inflation (7.5%).
Short-term inflation expectations of corporates (one-year ahead) have stabilised since September 2022 at around 10.0%, which is also the value recorded in the April survey.
Two- and three-year ahead inflation expectations of both the financial and corporate sectors are lower than those for one year ahead.
Two-year ahead inflation expectations of the financial sector remained the same as in the previous survey (5.0%), while three-year ahead expectations continued moving within the NBS target tolerance band, at the level of 4%. Medium-term corporate expectations also stayed unchanged at 7.0% for two years ahead and 5.0% for three years ahead.
Survey results on two- and three-year ahead expectations indicate that both financial and corporate sectors expect inflationary pressures to subside and inflation to gradually return within the target tolerance band in the medium run.
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
