Two-thirds of central banks forecast policy rate in main models
But relatively few make their rate forecasts public
Close to two-thirds of central banks include a forecast for the policy rate in their main models, data from the Economics Benchmarks 2024 shows.
Twenty-three of 34 respondents (67.6%) include a forecast for the policy rate in the key models they use to produce headline projections. However, of these 23 central banks, only six (26.1%) publish the rate forecasts.
Using forecasts for the policy rate in models is challenging, as it is often staff economists producing the headline forecast, but policy
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