51 percent of experts project that inflation will fall to 5 percent in 2027–2028

51 percent of experts project inflation to fall to 5 percent in 2027–2028

In August, financial sector experts' inflation expectations for the next 12 months stood at 6.6 percent. This figure was also 6.6 percent in July.

Inflation expectations for the next three years also remained unchanged at 5.2 percent. At the same time, these estimates remained close to the 5 percent target.

51 percent of the surveyed experts expect the 5 percent inflation target to be achieved in 2027–2028. The share of those expecting the target to be met in 2027 increased from 20 percent in July to 24 percent in August.

80 percent of experts expect the policy rate to remain unchanged at 14 percent after the next Central Bank board meeting. In July, the share of experts holding this view was 76 percent.

After the next 12 months, the policy rate is expected to be around 13.1 percent. In July, this figure was estimated at 13 percent.

Rate expectations in the interbank money market have also risen. Experts expect rates to be around 14 percent in the next month, 14.5 percent in three months, 15 percent in six months, and 15.4 percent in one year.

Real GDP growth expectations for the current year reached 6.9 percent. In July, experts estimated this figure at 6.7 percent.

Real GDP growth for next year is expected at 6.6 percent. This is also higher than the July forecast of 6.5 percent.

Nominal wage growth is projected to be 13.5 percent this year and 13.3 percent next year. In July, this figure for next year was estimated at 13.1 percent.