Their anchored expectations are the best evidence of market participants’ confidence in the measures taken by the NBS and an indicator of the rising monetary policy credibility.
Chart 2 Anchored one-year ahead inflation expectations (y-o-y rates, in %)  Chart 1 Low and stable inflation (y-o-y rates, in %)  18  16  16  14  14  12 Average  12  8.7%  10  Oct 2018.