You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Serbian financial, corporate sectors expect stable inflation - c-bank

Author Radomir Ralev
Serbian financial, corporate sectors expect stable inflation - c-bank Author: SeeNews. License: All rights reserved.

BELGRADE (Serbia), November 25 (SeeNews) - Serbia's financial and corporate sectors expect inflation to stand within the 1.5%-4.5% target band in the short and medium term, the country's central bank, NBS, said.

One-year-ahead inflation expectations of the finance sector stood at 2.0% and of the corporate sector amounted to 1.6%, NBS said in its monthly inflation Expectations Survey for October.

In October, one-year ahead inflation expectations of households came in at 5.0%, while the short-term forecast of trade unions was 3.0%.

Looking two years ahead, the finance sector expects 2.5% inflation, while the corporate sector envisages 1.9%, NBS said.

Earlier this month, Serbia's central bank decided to cut its key repo rate unchanged to 2.25%.

Serbia's average consumer prices rose by 1.0% year-on-year in October, after growing by 1.1% in September, official statistics show.