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Results of Inflation Expectations Survey for April

According to the April survey, short-term and medium-term inflation expectations of the financial and corporate sectors continued to move within the target band (3±1.5%).

Short-term inflation expectations of the financial sector are at 2.5% and of the corporates at 2.8%. In the medium run, they expect that inflation will be at the NBS's target midpoint of 3.0%.

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.

Aware of the importance 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 Оffice