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2017-08-21 13:25:35.0

Results of Inflation Expectations Survey for July

Based on survey results for July, short- and medium-term inflation expectations of the financial and corporate sectors continued to move within the target tolerance band.

The financial and corporate sectors expect inflation in July 2018 at 3.0% and 3.5% respectively.

Medium-term inflation expectations (for July 2019) of the financial and corporate sectors also remain within the target band, at 3.2% and 3.5% respectively.

Anchored inflation expectations enhance the efficiency of monetary policy in maintaining low, stable and predictable inflation in the medium run.

For the purpose of transparent communication with the public, since May 2015 the NBS has been publishing 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 (methodology and the survey questionnaire) can be accessed on the NBS website, section Publications. The relevant historical time series are published in the Statistics section.

Governor’s Office