Reserve Bank: Why forecasting is difficult
'To say the potential for forecast errors is large is an understatement" – Reserve Bank chief economist John McDermott. With special feature audio.
The Reserve Bank is hinting at changes in its approach to setting interest rates – not a dramatic change but change nonetheless.
In a major speech today, the central bank's chief economist, John McDermott, addressed recent forecasting errors by the bank head on and says they are mostly due to a
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Reserve Bank: Why forecasting is difficult
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