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21.05.2019.

Results of Inflation Expectations Survey for April

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

One-year ahead inflation expectations of the financial and corporate sectors edged up slightly from March to 2.8% and 2.6% respectively, moving closer to the target midpoint.

Two-year ahead inflation expectations of the financial sector have stood exactly at the NBS target midpoint (3.0%) for seven consecutive months. Medium-term inflation expectations of corporates remained unchanged from March at 2.9%.

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