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Results of Inflation Expectations Survey for November

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

One-year ahead inflation expectations of the financial sector are at 2.6%, while two-year ahead inflation expectations remained at the target midpoint (3.0%). The corporate sector expects one-year and two-year ahead inflation to be somewhat lower (2.5%).

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