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Results of Inflation Expectations Survey for September

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

The financial sector expects inflation will be exactly at the NBS target midpoint of 3.0% in September 2019 and at 3.2% in September 2020. The corporate sector expects 2.6% inflation in both short- and medium term.

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 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 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