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2018-07-03 10:35:47.0

Results of Inflation Expectations Survey for May

According to the results of the May survey, one-year and two-year ahead inflation expectations of the financial and corporate sectors remained within the target tolerance band (3±1.5%).

The short-term inflation expectations of the financial sector are at 2.5%, and medium-term at 3.0%, while the short-term expectations of the corporate sector are at 2.7%, and medium-term at 2.8%.

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 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 Office