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

20/01/2021

Results of Inflation Expectations Survey for December

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

One-year ahead inflation expectations of the financial and corporate sectors continued moving close to 2.0%. The financial sector expects inflation to be at 1.9% in December 2021, while corporates expect it at 2.0%.

The financial sector medium-term inflation expectations were mildly lower relative to the previous survey, at 2.3%, while corporate expectations returned to 2.0%.

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.

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 the accompanying materials (time series, methodology and the survey questionnaire) can be accessed on the NBS website, section Publications.

Governor's Office